Electric vehicles might get a Trump bump*

*Before he becomes president in 2025.

Cox Automotive is predicting that electric-vehicle sales will soar this month, as prospective buyers take advantage of federal tax credits that President-elect Donald Trump may eliminate next year. Cox also thinks November sales, whose numbers aren’t out yet, were likely higher than usual.

That’s good news for companies like Tesla and Rivian — for now.

Cox Automotive Forecast: November New-Vehicle Sales Pace Holds Steady as Market Appears Poised to End 2024 on a Strong Note - Cox Automotive Inc.

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