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U.S. EV market rebounds in Q3, up 7.7 percent, Tesla dominates

The U.S. electric vehicle market showed signs of recovery in the third quarter, posting its highest sales in a year as the market stabilised after the end of a federal tax credit. Cox Automotive put third-quarter EV sales at 266,630 units, up 7.7 percent from the previous quarter but down 38.6 percent from a year earlier. Tesla led year-to-date sales through September, while Hyundai’s Ioniq 5 was the top-selling non-Tesla model.