One year after end of tax credits, EV sales decline in U.S.

“That, I think, is showing that we're getting closer to the moment where the demand and the supply are in good balance,” Jenni Newman, the vehicle marketplace’s editor-in-chief, told me. Tesla And Rivian Are Carrying The Team That’s the macro picture. But the recovery is far from evenly distributed. A few automakers, notably Tesla and Rivian, are carrying much of the industry’s comeback. Between the second and third quarters, overall EV sales in the U.S. grew by 6.1% to hit some 262,000 units, their highest level since the tax credit ended, Cox Automotive says. Take Tesla out of the equation,

March 8, 2026, 6:02 AM ... Demand for electric vehicles in the U.S. has cratered since last September, when the $7,500 federal tax credit for EVs expired. The financial losses have forced automakers to write off billions of dollars in investment -- factories, battery technology and new models -- as consumers ignored higher-priced EVs for hybrids. EVs totaled nearly 12% of the U.S. market in September, a record high. In January, that share dropped to 6%, according to Cox Automotive data. Sales of EVs in the U.S. plummeted 20% in January versus last December. ... Tyson Jominy, a vice president o

Electric vehicle sales are plummeting. Will they soon become too niche? ABC News - Breaking News, Latest News and Videos