It’s not just EVs. Inflation, layoffs, and tariffs are gonna drive the entire economy into a slowdown. Used car prices are already on the rise again.
this post was submitted on 15 Jul 2025
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Electric Vehicles
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I think it's because ~ 1/3 of EV sales were Teslas.
- Teslas were also sold on the dream of having a high tech FSD car, which turned to be about as honest a sales pitch as DOGE's efficiency recommendations. Maybe a few people finally stopped believing it's right around the corner?
- The mentally unstable Nazi man-baby currently running the company is likely also damaging sales with his unpopularity.
Just the drop in Tesla sales alone could easily account for a 6% drop overall.
Tesla had their Model Y and Model 3 refreshes, a gimmick they can't repeat for the next few years.
GM had impressive gains in sales and market share.
Some other major EV makers like Hyundai and Volkswagen got clobbered by fucking Trump tariffs.
Here's the data: https://caredge.com/guides/electric-vehicle-market-share-and-sales
I wonder what the 2.0% market share of "Additional EV Models" is, that started Q1 2025?
Does that mean people are smuggling BYDs across the border from Mexico?
Even $48k average purchase price for an ICE car is crazy.