US electric vehicle sales have grown for three consecutive quarters after tanking following the cancellation of federal tax credits, reaching 6.1% market share — their best since Q3 2025. Toyota, Rivian, and Subaru led growth, while Tesla's sales dropped 20% year-over-year despite still capturing over half of all EV sales in Q3.
Background
The US EV market experienced a significant downturn after federal tax credits were canceled, mirroring similar declines seen in Germany after its incentives ended in November 2023. The current recovery suggests the market is stabilizing as EV prices become more competitive and gas prices remain high.
- Source
- TechCrunch
- Published
- Oct 15, 2026 at 04:12 AM
- Score
- 5.0 / 10