US EV sales are showing signs of life after tax credit cancellation

According to a new Cox Automotive report, US EV sales have grown for three consecutive quarters and reached 6.1% market share, the best since Q3 2025. Toyota, Rivian and Subaru led growth, while Tesla sales fell 20% year-over-year though it still sold over half of all EVs in the quarter.

• EVs captured 6.1% of the US market, the best since Q3 2025
• Toyota bZ and Lexus RZ sales roughly doubled after a refresh
• Tesla sales dropped 20% year-over-year but it sold over half of all EVs
• The recovery mirrors Germany's rebound after its 2023 incentive cut