Summary
U.S. electric vehicle sales fell sharply in Q1 2026, reflecting a major market reset after the end of federal incentives. Automakers sold about 216,000 EVs, a 27% year-over-year decline, as higher prices and the removal of the $7,500 tax credit cooled demand. Most major brands posted steep declines, including Audi, BMW, Ford, and Honda, while only a few companies managed growth. Toyota stood out with a strong 79% increase, and Rivian, Cadillac, and Lexus also gained share. Tesla remained the dominant EV seller but still saw declining volumes. Analysts said the market is stabilizing but now depends more on affordability and product quality.
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