The United States witnessed a significant spike in electric vehicle (EV) sales in July, primarily fueled by Tesla's substantial price reductions. This sales uptick aligns with the looming expiration of the federal EV tax credit, suggesting a sustained robust demand for EVs into the third quarter. Preliminary figures from Cox Automotive's Kelley Blue Book indicate that EV sales surpassed 130,000 units in July, marking a 20% increase year-on-year and positioning it as the second-best month on record. Official statistics are anticipated to be released next week.