Tesla's U.S. sales fell to their lowest level in nearly four years in November, even as the company rolled out cheaper versions of its best-selling electric cars, according to data provided by Cox Automotiv. Since the Trump administration eliminated the $7,500 federal tax credit at the end of September, U.S. electric vehicle sales have suffered overall setbacks.
In response to falling demand,Tesla launched Model Y and Model 3 with simplified configurations in October, priced about $5,000 less than the previous basic models.
It was originally expected that demand for the standard version would support sales in November, but Cox’s data shows thatTesla's total sales for the month still fell nearly 23% year-on-year, from 51,513 vehicles in the same period last year to 39,800 vehicles, the lowest level since January 2022.
It is understood that in July this year, US President Trump signed the "Big and Beautiful" tax and spending bill. The bill stipulates that the U.S. federal government will no longer provide a $7,500 tax credit for electric vehicles starting from September 30 this year.
Affected by the cancellation of subsidies, the overall sales of electric vehicles in the United States have suffered a setback. October data released by the Argonne Laboratory of the U.S. Department of Energy shows:
In October, U.S. electric vehicle sales (including pure electric vehicles and plug-in hybrids) fell 26.9% year-on-year to 91,000 units, setting a new low for this segment since January 2023.Among them, pure electric sales fell 24.3% year-on-year to 75,000 units, and plug-in hybrid sales fell 36.9% to 16,000 units.
The total sales of electric vehicles in the United States in 2024 will be 1.569 million units, and in the first 10 months of this year it will be 1.310 million units. This means that this year the U.S. electric vehicle market will most likely experience negative growth for the first time in history.
