"Americans bought some 216,000 new electric cars in the first three months of 2026, according to Cox Automotive's latest estimates. Sales plunged by 27% on a year-over-year basis, after dropping 36% in the previous quarter."
"EV sales in Q1 were lower by 7.8% compared to the previous quarter, an improvement suggesting the sales drop after government-backed incentives were terminated has slowed, according to Cox analysts."
"The 2026 Toyota bZ was an unexpected winner of Q1, becoming the country's best-selling non-Tesla EV, indicating a shift in consumer preferences within the EV market."
In the first quarter of 2026, U.S. electric car sales dropped by 27% year-over-year, totaling approximately 216,000 units. This decline follows a 36% drop in the previous quarter, reverting the market to late 2022 levels. The reduction in consumer interest and the impact of policy changes have contributed to this downturn. However, there are signs of stabilization, with a smaller 7.8% decrease compared to the previous quarter. Non-Tesla EV sales increased by 3% quarter-over-quarter, indicating a potential recovery in the market.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]