U.S. EV sales fell sharply in Q4 2025 to 234k units (-46% QoQ, -36% YoY) after incentives were revoked, reversing Q3’s record surge and pushing EV share lower.

• EV sales dropped to 234,000 units in Q4, the weakest quarterly level since Q4 2022, following record-breaking Q3 2025 volume before incentive changes took effect in early October.

• EV share of total new-vehicle sales fell to 5.8% in Q4 (from a peak 10.5% in Q3), returning to a level roughly consistent with the first half of 2022.

• Despite the Q4 collapse, full-year 2025 EV sales were just shy of 2024’s ~1.30M, making 2025 the second-best year on record for EV unit sales.

• EV share for all of 2025 came in at 7.8% (vs 8.1% in 2024), indicating a modest annual step-down in penetration despite strong mid-year momentum.

• Tesla remained the dominant EV seller, with 2025 sales of 589k units (-7% YoY, -44k units), representing nearly half of all EVs sold in the U.S., led mainly by the Model 3 and Model Y.

• General Motors expanded quickly, selling 150k+ EVs in 2025 (+48% YoY) and reaching roughly 13% of total U.S. EV sales, supported by new models under Chevrolet and Cadillac.

• Cox Automotive expects EV share to be near 8% in 2026, citing improving charging reliability and a wider model lineup, including new entries like the 2026 Chevrolet Bolt, Rivian R2, and new BMW EVs (including the iX3 SUV).

• The outlook flagged government policy as a “wildcard,” with less regulatory pressure potentially shifting the pace of adoption toward automaker strategy and consumer demand rather than mandates.

U.S. electric vehicle (EV) sales surged to a record 438,487 units in Q3 2025, up +40.7% QoQ and +29.6% YoY, marking the strongest quarter on record as buyers rushed to secure purchases before federal incentives expired. EVs accounted for 10.5% of total vehicle sales, up from 8.6% a year earlier.

• The Q3 total surpassed the previous peak set in Q4 2024 by nearly 20%, driven by the approaching end of government-backed incentives that accelerated consumer and dealer activity.

• Tesla’s EV sales rose +8% YoY in Q3, its first gain of 2025, though its market share fell to 41% (from 49% in Q3 2024) as competitors expanded their electric lineups.

• Volkswagen and General Motors more than doubled EV sales YoY, while Honda and Hyundai also recorded strong gains; Mercedes-Benz remained flat, and Toyota and Nissan saw YoY declines.

• The Tesla Model Y and Model 3 led the market with sales of 114,000+ and 53,000+, respectively, while the new Chevy Equinox ranked third with nearly 25,000 sold.

• Out of roughly 90 EV models sold, only nine exceeded 10,000 units in quarterly sales, underscoring the still-limited depth of mass-market EV adoption.

• Cox Automotive noted that the expiration of the federal EV tax credit represents a “pivotal moment” that will test the market’s ability to sustain growth without policy support.

• EV sales are expected to decline in Q4 2025 and early 2026 as incentives phase out, though long-term trends continue to favor electrified vehicles over internal combustion engines.

U.S. electric vehicle (EV) sales totaled 310,839 units in Q2 2025, down -6.3% YoY but up 4.9% QoQ, bringing H1 sales to a record 607,089, a modest 1.5% increase YoY.

• Incentives surged to a record 14.8% of average transaction price (~$8,500) in June, ahead of the October phase-out of federal EV subsidies.
• GM more than doubled its H1 EV sales YoY to 78,000 units, boosting its market share to 12.9% and overtaking Ford and Hyundai.
• Tesla’s sales fell -12% YoY in Q2 after a -9% decline in Q1, dragging its EV market share down to 44.7%.
• Used EV sales hit a record >100,000 units in Q2, with momentum building despite the removal of federal used EV incentives.
• Full-year 2025 EV sales projections have been lowered to 8.5% of total U.S. auto sales, with volumes now expected to be flat YoY.

Nearly 300,000 new electric vehicles (EVs) were sold in the first quarter of 2025 in the U.S., according to the latest report from Kelley Blue Book, an increase of 10.6% YoY.

• Despite many obstacles — and what you may read elsewhere — electric-vehicle sales continue to grow at a healthy pace in the U.S. market. Roughly 7.5% of total new-vehicle sales in the first quarter were electric vehicles, an increase from 7% a year earlier.
• Cox Auto: “But the EV growth story continues to center on market leader Tesla, which saw sales fall further in Q1, down nearly 9% from year-ago levels. As we have noted before, without a significant shift in product strategy, Tesla will continue to shrink in the U.S. market.”