So far, 2025 has been a mixed bag for EV sales in the U.S. A record 607,089 EVs left the lot in the first six months of the year, Cox Automotive reports, but sales in the second quarter were still lower than in Q2 2024.
A big part of that Q2 decline has to do with Tesla, which remains the U.S.’s top EV seller but has suffered stateside and around the world thanks to CEO Elon Musk’s stint in the White House. This week, Tesla reported its revenue dropped 16% in Q2 compared to the same period last year. Tesla doesn’t report its sales, but it delivered nearly 60,000 fewer vehicles in Q2 compared to a year ago.
General Motors, meanwhile, had better news to share. It sold 46,280 EVs in Q2, more than double its sales in the same period last year. That’s still a far cry from Tesla’s 380,000-plus deliveries, but it was enough to make GM the No. 2 EV brand in the U.S. And slower EV sales across the industry aren’t deterring GM CEO Mary Barra, who said the company sees EV production as its “North Star.”
Be prepared, though, for a rollercoaster in the next few months now that the “Big, Beautiful Bill” has sent EV tax credits to an early grave. Cox Automotive predicts EV sales will hit a new record in Q3 as buyers race to use federal incentives before they expire at the end of September. After that? “A collapse in Q4, as the electric vehicle market adjusts to its new reality.”
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Trump calls off loan for major transmission line
The planned transmission line, which was granted its loan guarantee under the Biden administration, is meant to bring wind and solar power generated in the Great Plains to cities further east. It has been in the works for more than a decade, and construction on its first phase was slated to start next year.
While the Grain Belt Express had support from utility regulators and large electricity consumers along the line’s route, Missouri Republicans turned against it in recent weeks. The state’s Republican attorney general launched an investigation into the project earlier this month, and Sen. Josh Hawley said he made a direct appeal to President Trump to pull back federal support.
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