Loss of EV Tax Credit Hit Hyundai & Kia Hard in October - CleanTechnica

The article from CleanTechnica highlights the significant decline in electric vehicle (EV) sales for Hyundai and Kia in the U.S. market in October, following the expiration of the $7,500 federal EV tax credit. Many consumers rushed to purchase EVs in the third quarter to take advantage of the credit, leading to a sharp drop in demand once the incentive ended. This is reflected in the October sales figures for several Hyundai and Kia EV models, which fell drastically compared to both September 2025 and October 2024. For example, the Hyundai IONIQ 5 sales dropped from 8,408 in September 2025 to 1,642 in October 2025, and the Kia EV6 sales fell from 2,116 to 508 over the same period. Despite the steep decline, the article notes that EV sales have not stopped entirely, indicating some ongoing demand even without the tax credit. The author suggests that while October’s numbers are disappointing, the market may recover