US EV Sales Rebound 14.7% to 247,000 in Q2 as Gas Prices Soar
Updated
Updated · The Verge · Jul 13
US EV Sales Rebound 14.7% to 247,000 in Q2 as Gas Prices Soar
2 articles · Updated · The Verge · Jul 13
Summary
247,000 EVs were sold in the US in Q2 2026, up 14.7% from the start of the year after a weak winter and fall, according to Cox Automotive and Kelley Blue Book estimates.
High gasoline prices tied to the US war on Iran pushed buyers toward electrified vehicles, with hybrids drawing especially strong interest and helping slow the sector’s decline.
The rebound remained incomplete: EV sales were still down 20.5% from a year earlier, though that was less severe than Q1’s 27% drop and late 2025’s 36% plunge.
Tesla captured about one-third of new EV purchases and roughly half of US EV sales, while Chevrolet trailed; Toyota and Subaru posted 225% and 108% year-over-year growth.
Brands that cut EV lineups fared worse—Ford sales fell 40%, Volvo 41%, Mercedes 58% and Nissan 88%—highlighting how fuel shocks and model availability are reshaping demand.