US EV Market Down 21% in Q2 2026, However ….

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Sure, the USA EV market remains to be down in comparison with the 12 months earlier than. US EV gross sales dropped 21% from 311,536 gross sales in Q2 2025 to 247,226 gross sales in Q2 2026. Not nice. That stated, there are a couple of optimistic issues to notice.

For instance, that is the most effective quarter the US market has had because the booming, record-breaking third quarter of 2025 (which was boosted by the truth that the US EV tax credit score was about to run out). The 247,226 gross sales of final quarter had been increased than the 234,255 gross sales of This autumn 2025 or the 216,399 gross sales of Q1 2026. So, the market is rebuilding once more.

Okay, let’s take a look at a couple of charts earlier than I get to my final optimistic level. (Static variations of those charts are additionally on the underside of the article.)

So, yeah, this wasn’t our greatest 2nd quarter ever. In actual fact, the final three years have seen higher 2nd quarters. A 25% drop in comparison with Q2 2024 is absolutely not uplifting.

Nonetheless, all of that stated, the US EV market was 27%, or 52,000+ gross sales, increased than Q2 2022, and it was up 109%, by virtually a whopping 130,000 gross sales, in comparison with Q2 2021. That’s progress.

All of that stated, EVs had simply 5.9% of the general US auto market within the 2nd quarter. That’s utterly embarrassing. China is at 43%! Europe is at 22%. A number of South American nations have simply zoomed previous us. We’re falling means behind and are a shame in comparison with a lot of the remainder of the world’s auto market, and we’d be even way more so if not for Tesla….