Ford, Hyundai report large declines in October EV sales after end of federal credits
1. Ford's EV sales fell 25% year-over-year in October. 2. Mustang Mach-E and F-150 Lightning sales declined by 12% and 17%, respectively. 3. Federal tax credits expiration caused significant EV market disruption. 4. Experts predict reset towards genuine interest in EV ownership. 5. Sales of hybrid vehicles continued to rise amid EV decline.