TLDR: The U.S. federal EV consumer tax credit expires September 30, 2025, driving a massive pull-forward in Q3 sales. Cox Automotive projects 410,000 units this quarter with 21.1% year-over-year growth before the inevitable crash. Honda kills the Acura ZDX while Bentley pushes EV-only targets to 2035. Reality arrives Tuesday.
The $7,500 Cliff Approaches
Five days from now, the $7,500 federal EV tax credit dies. Not phases out. Not reduces. Dies. Cox Automotive forecasts approximately 10% EV market share for 2025, a target they’ll hit through artificial Q3 inflation followed by Q4 collapse. The 410,000 units projected for this quarter represent panic buying, not organic demand.
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