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flag U.S. EV sales dropped in October 2025 after the federal tax credit expired, prompting automakers to cut prices and restructure.

flag Electric vehicle sales in the U.S. fell sharply in October 2025, following the expiration of the federal $7,500 EV tax credit in September. flag Automakers including Hyundai, Kia, and Rivian reported significant declines, with Rivian responding by accelerating its R2 SUV launch, priced at $45,000, to target broader markets. flag The company is cutting costs, expanding production in Illinois and planning a Georgia plant, and restructuring its workforce to improve affordability and competitiveness amid a cooling EV market.

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