Even with strong demand up until the federal tax credit expired, Hyundai’s EV sales crashed last month. Hyundai, Ford, ...

The Korean brands won’t be the only ones affected by a major decline in EV sales as the impact of the scrapped EV tax credit is felt.

Ford , Kia and Hyundai reported massive declines in EV sales as many buyers pulled ahead purchases before federal EV credits ended.

Hyundai’s CEO Randy Parker said in a press release he’s “confident” the market will reset, citing solid fundamentals and record hybrid demand. He’s not wrong. Hybrids are the new safe bet.