As consumers rushed to buy electric vehicles while the federal EV tax credit was still available, Tesla saw deliveries increase 7% year over year.
Tesla electric vehicle sales jumped last quarter, as buyers rushed to take advantage of an expiring federal tax credit.
The company’s EV sales rose 7% in the three months through September compared to a year earlier, mirroring a spike in overall EV sales across the country.
The $7,500 credit for new electric vehicles was eliminated on Sept. 30 by the Trump administration.
In July, national sales of new EVs jumped 19% compared to a year earlier, according to Cox Automotive. That same month in Orange County, 32% of new vehicles sold were all-electric, up from 21% in May.
The sales boost could mark the start of a rebound for Tesla, which has struggled this year with declining sales and damage to its brand. The quarterly rise marks the first year-over-year sales increase the company has seen in three quarters.
