Demand for electric vehicles (EVs) surged as the $7,500 tax credit deadline approached. Ford saw its sixth consecutive month of sales gains in the U.S., while General Motors became the No. 2 EV seller. Ford’s August sales rose 3.9% to 190,206 vehicles, but EV sales were down 5.7% year-to-date. GM had its best month ever for EV sales, selling over 21,000 EVs in August. The industry anticipates a slowdown after the tax credit expiration, expecting a strong month for EV sales in September. Ford and GM needed a strong month for EV sales, and they delivered, setting the stage for an interesting third quarter.

Read more at Yahoo Finance: A Little Good News for Ford and GM