The US EV market closed out 2024 on a high note despite swirling uncertainty about the future of federal tax incentives. Cox Automotive’s newly released Q4 data shows a record 365,824 EVs sold – up 15.2% from the previous quarter – and annual EV sales of 1.3 million, a 7% increase from 2023.
We spoke with Stephanie Valdez Streaty, strategic planning director at Cox Automotive, about how these strong numbers underscore growing consumer interest in electrified transportation, even as key federal policies remain in flux.
Electrek: What role is leasing playing in growing EV adoption?
Stephanie Valdez Streaty: Notably, we continue to see leasing serve as a prime pathway for EV adoption. With purchase incentives subject to a variety of eligibility rules, many consumers have gravitated toward EV leases instead.
This “leasing loophole” has fewer restrictions, making it a particularly attractive option for those models that do not qualify for the full purchase tax credit.
In recent months, leasing rates have surged as automakers and dealers encourage consumers to take advantage of lower monthly payments, reduced risk of depreciation, and immediate federal subsidies funneled through the lessor.
While it’s difficult to tease out exactly how fears of expiring incentives fuel these numbers, there is little doubt that the current federal tax structure is helping put more EVs on the road.
Electrek: Which new EV models are driving sales growth, and what barriers are still slowing widespread adoption?
Stephanie Valdez Streaty: As always, Tesla’s Model 3 and Model Y continue to lead the pack, but Q4 data shows other models rapidly gaining ground.
Honda’s new Prologue vaulted to the No 3 spot for the quarter after launching in April, buoyed by strong brand recognition and pent-up demand.
Meanwhile, Chevrolet’s Equinox and Blazer EVs – delayed earlier by software issues – also contributed to higher sales once they came fully online.
Price remains the single biggest barrier for would-be EV buyers, and truly sub-$30,000 EVs are still scarce in the US market. Yet, with lower-priced models on the horizon – such as potential updates to the Chevrolet Bolt and new entries like the Kia EV3 – manufacturers are working to broaden consumer choice at more affordable price points. The arrival of these options in late 2024 and 2025 may help sustain the upward sales momentum.
Electrek: If the $7,500 federal Inflation Reduction Act EV tax credit is canceled by the Trump administration, what role could states play in terms of incentives for consumers?
Stephanie Valdez Streaty: Much of the future of EV adoption may hinge on the policy environment. In some states, generous incentives have significantly accelerated the shift to electric mobility. Colorado, for example, has combined its own rebate program with federal tax credits, making EV ownership increasingly accessible –and the state has seen one of the US’s highest jumps in EV adoption over the past year.
Meanwhile, California remains the largest single EV market, thanks to stricter emissions standards, robust incentives, and a strong charging infrastructure network. Many other states are now following suit by adopting California’s Zero-Emission Vehicle (ZEV) standards – effectively matching or exceeding federal requirements for EV adoption.
If federal consumer tax credits were to shrink or disappear, analysts suggest that more states could step in to fill the gap with their own subsidies. Whether or not they do, though, may largely depend on budget constraints and each state’s broader clean energy goals.
Electrek: How could the cancellation of the $7,500 EV tax credit impact the wider EV industry, such as manufacturing?
Stephanie Valdez Streaty: Billions of dollars in EV and battery-manufacturing investments have already flowed into the US, often into states with historically lower EV adoption rates. As these new plants come online, they will require a healthy level of consumer demand to reach scale. That reality ties the fortunes of federal incentives, state policies, and local economies more tightly together. If incentives vanish abruptly, these investments might be underutilized, potentially cooling the pace of the entire EV market.
Electrek:What are your predictions for the US EV market in 2025 and beyond, despite the lack of policy support from the Trump administration?
Stephanie Valdez Streaty: Looking ahead, the near-term forecast remains positive. Industry analysts project about a 10% EV market share by 2025, helped by the continued rollout of new models (up to 15 more hitting showrooms in the next year or two) and an improving charging network. Still, the growth rate will likely slow somewhat compared to the initial surge – typical of any maturing technology – and hinge on consumer confidence, price parity with gas-powered cars, and the reliability of fast-charging infrastructure.
The US still lags behind countries like China, where strong government policy and an abundance of competitively priced EVs have led to even faster adoption. However, the global trend toward electrification is unmistakable, and even if the US road has a few detours – whether in the form of changing incentives, evolving emission rules, or shifting consumer tastes – the trajectory is clear: EVs are well on their way to becoming a fixture of the American automotive landscape.
Ultimately, how quickly we get there depends on a confluence of factors, including continuing incentives, state-level action, and industry innovation. One certainty is that consumer awareness and acceptance of EVs will keep climbing, with new models, better infrastructure, and flexible financing options pushing the technology further into the mainstream. The destination is electric; the timetable, however, still hinges on what policymakers decide in the months and years ahead.
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Tesla has agreed to settle another wrongful death lawsuit from a fatal crash involving Autopilot before the case could get to trial later this year.
It’s one of many lawsuits involving several crashes involving Tesla’s advanced driver assistance systems (ADAS), Autopilot and Full Self-Driving (Supervised), after the floodgates were open following a watershed trial.
Over the last few years, Tesla vehicles have been involved in numerous accidents involving the automaker’s advanced driver assistance systems (ADAS): Autopilot and Full Self-Driving (Supervised), better known as ‘FSD’.
Despite the names of those feature packages, they are not considered automated driving systems. They are Level 2 driver assistance systems and require the driver’s attention at all times.
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Drivers and victims involved in those crashes have often sued Tesla, but the automaker has managed to have the cases dismissed, placing most of the blame on the drivers.
However, things started to change over the last year.
For the first time, a case went to trial before a jury, and they decided to assign a third of the blame for the crash to Tesla for the role Autopilot played. The rest of the blame was assigned to the driver, who had already settled with the victims and their families before the Tesla trial began.
The jury awarded the plaintiffs $243 million. The automaker has made clear its intentions to appeal the verdict.
Before the trial, the plaintiffs offered Tesla to settle for $60 million, and the company refused.
The trial process cost them much more.
The jury didn’t buy Tesla’s usual argument that it couldn’t be blamed because it clearly informs the driver that they are always responsible for the vehicle. The plaintiffs’ lawyers successfully argued that Tesla was careless in the way it deployed Autopilot, without implementing geofencing and marketing it to customers in a manner that encouraged the abuse of the system.
There are dozens of additional lawsuits against Tesla involving incidents with Autopilot and FSD, and they are all riding on the verdict as well as all the information that came from the trial.
The same lawyers and law firms that represented the plaintiffs in the trial in Florida are also representing victims and the families in those other lawsuits.
Brett Schreiber, the lead attorney in the Florida case, is also leading Maldonado v. Tesla, another wrongful death lawsuit against Tesla involving its Autopilot feature. The case was set to go to trial in the Alameda State Superior Court by the end of the year.
The case involves a Tesla vehicle on Autopilot that hit a pickup truck on the highway, killing fifteen-year-old Jovani Maldonado, who was a passenger in the pickup truck. His father was driving him back home from a soccer game.
In a new court filing, Tesla and the plaintiffs have requested that the court approve a settlement that the two parties have reportedly agreed upon.
The settlement is confidential.
Electrek’s Take
Like I said, the floodgates are open. We are now starting to see the crashes that occurred in 2018 and 2019 being addressed in court.
This is just the beginning.
Crashes on Autopilot and then FSD have greatly ramped up starting in 2020-2021 with greater delivery volumes and Tesla launching FSD Beta.
I hope that more cases reach trial, as we do learn a lot more about Tesla and its deployment of driver assistance systems through them.
But with how the first one went, I am sure the automaker is much more eager to settle those cases.
However, can it just keep doing that?
There have already been over 50 deaths related to crashes involving Tesla Autopilot or FSD.
As morbid as it sounds, if the going rate for a Tesla Autopilot-related death is around $50 million, that’s already more than $2.5 billion and growing.
This is nuts. Will this continue to happen?
More people die in crashes involving Tesla’s half-baked ADAS products. Tesla continues to compensate the victims and their families with millions each time, essentially using the money it earns from selling the dream of those half-baked ADAS features eventually leading to real autonomy.
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Lucid (LCID) rolled out a software update for the Gravity, which makes towing “a breeze” with helpful new features. Plus, Lucid is giving Gravity buyers the chance to try out exclusive new features still in development.
Lucid launches Gravity UX 3.3 software update
The Gravity already stands out, boasting up to 450 miles of range, lightning-fast charging speeds, and an Escalade-sized interior.
Through its new over-the-air (OTA) software update, launched on Tuesday, Lucid unlocked several new features and functions for Gravity drivers.
The Gravity UX 3.3 update introduces new features that Lucid promises will make towing “a breeze,” including an Integrated Trailer Brake Control, Hitch View, and a Trailer Light Check.
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Hitch view gives you the ability to see the trailer hitch directly on the Gravity’s infotainment screen. You know, to make sure it’s still connected and all. To ensure your trailer lights are working, the new Trailer Light Check feature illuminates them in a sequence. You can use it directly on the Lucid mobile app.
Lucid is offering Gravity drivers the chance to try out two new Halo Secure features, Live View and Drive Recorder, which are still in development.
Live View uses the external cameras, enabling you to see what’s around your vehicle in real-time remotely using the Lucid mobile app. Drive Recorder will capture clips, such as an accident, saving it directly to your USB storage device (which is not provided).
Lucid introduced a slew of other tweaks and modifications to make the Gravity’s infotainment system quicker and easier to use. You can now drop a bookmark on the home screen as a shortcut to navigate to your favorite places.
The interior of the Lucid Gravity (Source: Lucid)
The Gravity’s audio system now “delivers clearer sound than ever,” Lucid said during phone calls with less background noise.
Lucid currently offers the Gravity Grand Touring, which starts at $94,900 in the US. Soon, Lucid will launch the lower-priced Touring model, starting from $81,550.
Lucid Gravity Grand Touring in Aurora Green (Source: Lucid)
Orders for the Lucid Gravity Grand Touring opened in Europe last week with deliveries set to begin in early 2026. Lucid’s electric SUV starts at 116,900 euros ($137,000) in Germany, including VAT. Soon, the Lucid Gravity Touring will be available, starting at 99,900 euros ($117,000) in Germany.
Lucid is currently offering some of its biggest promotions to date, with the $7,500 federal tax credit set to expire at the end of the month. The Air is the most affordable it’s ever been this month, with leases starting at just $509 per month.
Ready to test drive it out for yourself? We’re here to help you get started. You can use our links below to find Lucid Air and Gravity models in your area.
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California just awarded $1.1 million to Brooklyn-based EV charging company it’s electric to develop what would be the world’s first curbside vehicle-to-grid (V2G) EV charger.
The grant comes from the California Energy Commission’s Enabling Electric Vehicles as Distributed Energy Resources program, part of the state’s Electric Program Investment Charge (EPIC) initiative. Working with UC Berkeley and the University of Delaware, it’s electric plans to have the technology ready for the market by 2028.
The V2G charger won’t just pull electricity from the grid to charge a car; it will also be able to push energy back into the grid directly from the EV – something that has never been done in a curbside format, where millions of cars sit parked every day.
The new hardware will look the same as it’s electric’s current design but will bring bidirectional charging to city streets, including in low-income and disadvantaged communities. That means more equitable access to V2G technology, which can speed up EV adoption and cut emissions in line with California’s climate goals.
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The project also includes the development of the J3068 Active Cable with the University of Delaware. This cable combines the SAE-standard untethered charging format with Delaware’s Active Cable Communication Module. That combo enables bidirectional charging while linking driver account info to the cable, making the system reliable and compatible across different charging setups.
Nathan King, cofounder and CEO of it’s electric, said, “Seven million light-duty vehicles are routinely parked on city streets in California. As these vehicles convert to electric, their batteries have enormous potential to help offset peak demand in critically overstrained electric utility service areas.” He added that all EV drivers should have equal access to programs that reward participation in demand-response and V2G services.
Commissioner Nancy Skinner added that the project could let cars do more than just drive: “it’s electric’s impressive project will pilot EV chargers that can not only power a car but also help that car power our grid, demonstrating the economic and resiliency benefits of V2G technology.”
At scale, curbside V2G chargers could allow cars parked on city streets to serve as distributed energy resources, helping both drivers and grid operators. By turning EVs into mobile batteries, the tech could reduce strain on the grid and avoid costly infrastructure upgrades.
UC Berkeley professor Scott Moura said his team is “excited to get to work on this project, and proud to be hosting deployment and testing of the world’s first bidirectional curbside charger.”
And University of Delaware professor Willett Kempton, a longtime V2G pioneer, called the investment another step forward: “We applaud the California Energy Commission for investing in this project, which will advance the ability of all communities to take advantage of V2G opportunities.”
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