Last year, U.S. electric vehicle sales fell year over year for the first time in the past 10 years. Analysts said the end of tax credits was a factor.
According to market research firm Automotive on the 17th, U.S. EV sales last year totaled 1,275,714 units. They accounted for 8% of all U.S. auto sales.
Last year's EV sales were about 2% lower than the 1,301,441 units sold in 2024. Outlets including Automotive News, citing this figure, said it was the first time in the past 10 years that U.S. EV sales had fallen year over year.
Foreign media analyzed that the drop in EV sales was due to the end on Sept. 30 last year of the federal tax credit that provided up to $7,500 (about 10.83 million won) to EV buyers. Even so, more than 1.2 million units sold was viewed as a decent result.
In EV sales by brand, Tesla took first place with 589,160 units. The best-selling model was the Model Y.
Second place went to Hyundai Motor Group. Combined with Kia, it sold 99,553 units. Hyundai Motor, led by the Ioniq 5, sold 65,717 units. Kia, including the EV9, sold 33,836 units. As individual brands, Hyundai Motor and Kia ranked third and eighth, respectively.
Next, Chevrolet of General Motors sold 96,951 units to place third, Cadillac ranked fourth with 49,152, BMW fifth with 42,483, and Rivian sixth with 42,098.