Automotive Market
Tesla US Sales Plunge After EV Tax Credit Ends, Despite Cheaper Models
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Tesla's US sales dropped 23% year-over-year to 39,800 vehicles in November 2025—the lowest since January 2022—following the $7,500 federal EV tax credit's expiration on September 30. New Standard variants of Model 3 and Y failed to stem the tide amid a broader 41% EV market decline, though Tesla's share rose to 56.7%.
The cheapest big-block muscle car is now available under $20,000—matching new subcompact prices and extending recent trends in affordable classics like the 1970 bargain under $30k. This opens high-performance 1960s-70s icons to budget-conscious buyers.
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The sector for electric pickup trucks in the United States is contracting, with major automakers scaling back models due to disappointing sales. Ford has decided to discontinue its F-150 Lightning after a sales drop, while Ram abandoned plans for its 1500 REV. Despite these setbacks, new affordable options are in development to revive interest.