Post-incentive slump: US EV sales down 28%
US electric vehicle sales declined by 28% in the first quarter of 2026, with 212,600 new battery-electric vehicles registered. Despite the decline, the EV share of new car sales held steady at 5.8% due to a slump in the overall US light vehicle market.
New data shows US electric vehicle sales dropped 28% in Q1 2026. The decline is attributed to the expiry of federal EV tax credits. Tesla dominated the US BEV market with a 57.5% share. Used EV sales rose 12% to 93,500 units. The average price gap between new electric and petrol vehicles narrowed to $6,500. The used EV segment is gaining traction, with prices only $1,300 above comparable petrol vehicles.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.