Including Tesla.
And Tesla is sitting on a record inventory.
But Tesla Model Y remains the best selling EV in the USA.
And Tesla has increased its market share within the USA.
“Cox Automotive reports that EV sales fell 27 percent year-over-year in the first quarter (Q1) of 2026 to just 216,399 cars, or 5.8% of the total market.”
Could it have anything to do with the end of the EV subsidy?
Google AI:
Yes, the end of EV subsidies is directly linked to a anticipated slowdown in U.S. electric vehicle sales growth, causing dealers to fear a slump. The expiration of tax credits removes the $7,500 incentive, prompting consumers to rush purchases before deadlines, which is expected to trigger a significant decline in transactions afterward