Consumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500 from September 30.
Consumers purchased nearly 130,100 new EVs in July, the second-highest monthly sales tally on record, behind roughly 136,000 sold in December, according to Cox Automotive data. The July figures represent a 26.4% increase from June and nearly 20% increase year-over-year.