Ford, Hyundai report large declines in October EV sales after end of federal credits

Maria Sandu

DETROIT — Sales of all-electric vehicles collapsed last month following the end of up to $7,500 in federal incentives for purchasing an EV, several automakers said Monday. Ford Motor , Kia and Hyundai Motor reported massive declines in EV sales as many buyers pulled ahead purchases before the credits ended under changes by the Trump administration . Ford, which ranked third in U.S. EV sales through the third quarter, reported a 25% drop in its year-over-year all-electric October sales. That

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