Yahoo Finance·2025-11-30 15:37Core Insights - The U.S. electric vehicle (EV) market is experiencing volatility, with significant sales fluctuations influenced by the expiration of the $7,500 tax credit [2][6][9] - Major automakers like Ford, GM, and Stellantis are facing substantial losses in their EV divisions, despite record sales in certain periods [3][5] Sales Performance - U.S. EV sales reached a record market share of 10.5% in 2025, driven by a rush to purchase before the tax credit expiration [2][7] - In October 2025, EV sales dropped sharply, with only 74,835 units sold, marking a 48.9% year-over-year decline [5][9] - The Tesla Model Y and Model 3 were the top sellers, with over 114,000 and 53,000 units sold, respectively, while the Chevy Equinox sold just under 25,000 [4][10] Financial Impact on Automakers - Ford's Model e division reported a loss of $1.4 billion in Q3 2025, with expectations of increasing losses to $5.5 billion in 2025 [3] - GM and Stellantis are also incurring significant losses in their EV segments, leading to production scale-backs despite high sales volumes [3][5] Market Dynamics - The majority of EV models are selling at low volumes, with many selling less than 2,000 units per month, which poses challenges for profitability [5] - The expiration of the federal EV tax credit has cooled demand significantly, reversing the previous sales momentum [6][9]