GM’s Q3 sales drop 5.5% as its electric models collapse and Toyota closes to within 136,000
THE SO WHAT
The 92.4% collapse in Equinox EV sales after the $7,500 US credit ended shows how subsidy-sensitive mainstream EV demand still is—while Europe’s 29% EV share under mandates runs on policy, not pure preference. If your product’s economics hinge on incentives, model cliff risk explicitly and build go-to-market that can survive a policy swing.
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