The 168,468 September EV registrations broke a record and pushed their share of the light-vehicle market to 12.4 percent, though gains varied by brand.
The market share for EVs will decrease to 5.2%, J.D. Power predicts, as automakers steer back to more profitable gasoline and hybrid models, analysts say.
Tesla CEO Elon Musk was expected to address robotaxi delays, Optimus robot progress and his proposed trillion-dollar pay plan on the company’s earnings call Wednesday evening.
Including the August surge, EV registrations in the first eight months of the year rose 9.1 percent to 884,104 vehicles, according to S&P Global Mobility.
Tesla's record third-quarter deliveries were driven by U.S. buyers rushing to beat the Sept. 30 deadline for the expiration of the federal $7,500 EV credit.
Rivian reported sales of 32,502 through September but cut its 2025 delivery estimate to between 41,500 and 43,500 vehicles following the repeal of the tax credit.