evs explained
Why EV Sales Are Down in 2026 and What It Means for the Future
EV sales are down because the federal tax credit expired and new-car demand collapsed, while the used-electric-vehicle market is booming as buyers chase lower-priced alternatives. In the first quarter of 2026, the United States saw a 28% year-over-year drop in brand-new electric car sales, yet used EV transactions jumped 12%