Don’t go writing the obituary for the U.S. electric vehicle just yet. After sales tanked following the cancellation of tax credits last year, they’ve been growing for the last three consecutive quarters, according to a new report from Cox Automotive. EVs captured 6.1% of the U.S. market, their best showing since the third quarter of 2025.
Market Recovery
The data shows that the EV market is “finding its footing again,” said Stephanie Valdez Streaty, director of industry insights at Cox Automotive, in an analysis that accompanied the new report. EV prices have become more competitive, and high gas prices have sparked renewed consumer interest.
