General Motors (GM) has reported selling a record number of electric vehicles in the U.S. during August of this year.
The Detroit automaker says it sold more than 21,000 electric vehicles during August, “an all-time monthly record.”
However, General Motors noted that the record sales took place ahead of the expiration of the U.S. federal government’s electric vehicle tax credit at the end of September.
The federal tax credit is worth up to $7,500 U.S. per electric vehicle. The credit goes away at the end of September, prompting many consumers to make a purchase in August.
Still, General Motors sells several popular electric vehicle models, including the Chevy Equinox and GMC Sierra pick-up truck.
During this year’s second quarter, General Motors sold 46,000 electric vehicles, or just over 15,000 a month.
In all, American consumers purchased 310,839 fully electric cars in the year’s second quarter, down 6.3% from a year earlier, according to industry data.
Sales are expected to decline further in coming months as the government tax credit worth $7,500 U.S. goes away.
GM stock has gained 14% this year to trade at $58.53 U.S. per share.
