EV Sales Bad, EV Charging Stations Good

The article discusses the recent decline in U.S. electric vehicle (EV) sales following the expiration of the federal EV tax credit on September 30. EV sales surged leading up to the deadline, reaching a peak market share of 12.9% in September, but dropped sharply to an estimated 5.2% in October, according to J.D. Power. Despite this decline, the drop was less severe than expected due to manufacturers reducing EV prices and increasing discounts to maintain affordability. Industry experts, including Cox Automotive’s Stephanie Valdez Streaty, predict that EV sales could nearly double their peak market share by 2030, supported by automakers like Ford and GM planning to launch more affordable EV models with new, cost-effective battery technology. In contrast to the short-term sales downturn, the EV charging infrastructure sector continues to grow robustly. Installation of charging stations remains strong, particularly at travel centers, quick-serve restaurants, and retail locations. Despite political challenges, such as the suspension