The SEC’s 50-person crypto unit is getting a shakeup with some staff reassigned to other areas, The New York Times reports.
Several automakers, including Honda, Hyundai, Ford, and Kia, reported higher EV sales in the US in January. Here’s a look at some of the top-selling EV models (outside of Tesla) last month.
EV sales in the US by model in January 2025
With nearly 133,000 electric vehicles sold in December, EVs accounted for 8.8% of new car sales in the US, a new record.
According to Cox Automotive’s Kelley Blue Book, the strong end-of-year sales helped push total EV sales to 1.3 million in 2024, up 7.3% from 2024.
With Trump reportedly planning to end electric vehicle incentives, like the $7,500 federal tax credit, demand is expected to pick up as buyers look to lock in the savings before they disappear.
Several automakers reported US sales numbers for January, giving us a better idea of how the EV market is playing out.
Ford sold 5,666 EVs last month, up 21% and a new January record. The Mustang Mach-E had its best January with 3,529 models sold, up 173% from January 2024. Last year, the Mach-E was the second best-selling electric SUV behind Tesla’s Model Y. This year, it’s already losing ground.
Despite higher demand for the Mach-E, Ford F-150 Lightning sales slipped 15% to 1,907 units. Ford’s E-Transit electric van sales also fell 80%, with only 230 models sold last month.
Kia sold 1,542 EV6 models sold last month. However, sales of its three-row EV9 were down slightly (1,232 vs 1,408 in January 2023).
Sister company Hyundai notched double-digit sales growth with its popular EV models. As the upgraded 2025 model (with more range and an NACS port for charging at Tesla Superchargers) rolled out, Hyundai IONIQ 5 sales climbed 54%, with 2,250 units sold in January. Although IONIQ 6 sales were up 15% year over year (YOY), only 871 models were sold.
| EV model | January 2025 sales |
| Honda Prologue | 3,744 |
| Ford Mustang Mach-E | 3,529 |
| Hyundai IONIQ 5 | 2,250 |
| Ford F-150 Lightning | 1,907 |
| Kia EV6 | 1,542 |
| Kia EV9 | 1,232 |
| Subaru Solterra | 1,052 |
| Hyundai IONIQ 6 | 871 |
The biggest surprise, again, was Honda. Honda’s electric Prologue continued to take the US by storm with another 3,744 models sold last month.
After delivering the first models last March, the Prologue was the seventh best-selling EV in the US in 2024. Honda sold over 33,000 Prologue’s in the US in 2024, beating out the Chevy Equinox EV (28,874) and Rivian R1S (26,934).
GM doesn’t report monthly US sales numbers, so we’ll have to wait until April for quarterly sales to compare. Several others have yet to report January US sales. Check back for the latest numbers.
Tesla doesn’t report monthly US sales numbers, but earlier today, Electrek reported that the EV maker saw its first annual drop in sales in California last year.
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FILE PHOTO: Spencer Rascoff, co-founder and executive chairman of dot.LA, speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.
Patrick T. Fallon | Bloomberg | Getty Images
Match Group announced on Tuesday that Zillow co-founder Spencer Rascoff will serve as its new CEO.
Rascoff, who has served as a member of the online dating company’s board since March 2024, will replace Bernard Kim in the role, Match said.
“During his time on the Board, Spencer has demonstrated a strong strategic perspective and deep understanding of Match Group’s brands and opportunities,” said Match Group Chairman Tom McInerney, in a statement. “We are confident in his ability to drive the company’s next phase of innovation and growth.”
Along with the leadership change, Match announced better-than-expected fourth-quarter results but lackluster guidance. Match posted earnings per share of 59 cents on $860 million in revenue. That topped the 54 cents per share in earnings and $859 million in revenue expected by analysts polled by LSEG.
However, the parent of Tinder and Hinge issued disappointing revenue guidance for the first quarter. The company forecast sales of $820 million to $830 million for the quarter, falling short of the $853 million estimate from LSEG.
The shares sank 7% in extended trading after the report.
Rascoff, 49, is best known for his role at Zillow. He co-founded the real estate technology company nearly two decades ago and served in various roles, including CEO, before departing in 2019. The Harvard University graduate also founded online travel website Hotwire, which Expedia bought for nearly $700 million in 2003.
Match was fully spun out of Barry Diller’s IAC Group in 2020, but has had a tough run as an independent public company. Its market cap was about $30 billion at the time of the transaction and has since shrunk below $10 billion, reflecting a dramatic slowdown in revenue growth.
Last month, IAC said its board approved the spinoff of Angi, the home improvement market place the company acquired in 2017.
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