US Electric Vehicle Sales Show Signs of Recovery
The U.S. electric vehicle market has grown for three consecutive quarters, reaching 6.1% market share. Sales are rebounding due to more competitive pricing and sustained high gasoline costs.
Electric vehicle (EV) sales in the United States are demonstrating a recovery, having grown for the past three consecutive quarters. Cox Automotive reported that EVs captured 6.1% of the U.S. market in the latest period, marking their strongest performance since the third quarter of 2025.
This resurgence is attributed to a combination of factors, including increased price competitiveness among EV models and persistently high gasoline prices, which are driving renewed consumer interest. Stephanie Valdez Streaty, director of industry insights at Cox Automotive, stated that the market is "finding its footing again."
Automakers Toyota, Rivian, and Subaru led the sales gains. Toyota's bZ and Lexus RZ models saw their sales nearly double following late-year refreshes. These updated vehicles now feature Tesla-style charging ports, larger batteries, and enhanced charging speeds.
In contrast, Tesla's sales declined by 20% year-over-year, although the company still dominates the EV sector, accounting for over half of all EV sales in the U.S. The market's recovery mirrors trends seen in Germany, where EV sales have rebounded following an earlier decline after government incentives were removed.