EV Market Holds Steady Amid Shifting Dynamics and Waning Incentives
The EV market in June showed steady momentum despite shifting dynamics, with long-term trends remaining favorable. New EV sales dipped slightly to 103,945 units (down 1.4% from May), yet market share climbed to 8%, buoyed by gains from Chevrolet, Kia, and Tesla.
Used EV sales also declined month over month but surged 51.3% year over year, highlighting growing consumer interest, especially in affordable models like the Tesla Model 3 and Chevrolet Bolt.
EV pricing showed increased affordability, with average new EV prices falling to $56,910 and nearly half of used EVs priced under $25,000.
Inventory levels rose, offering more choices to buyers, while incentives reached record highs, reflecting a market adjusting to softer demand and the fading influence of government subsidies.
As the federal EV tax credit nears expiration, a surge in promotions is expected, but the coming months may prove volatile. With policy support waning and tariff pressures looming, automakers face a more complex, market-driven landscape that demands adaptability and resilience.
Ford Announces Limited 2026 Escape Order Window and Key System Updates
Ford has announced a short ordering window for the 2026 model year Escape lineup, including Gas, PHEV, and FHEV models. The current anticipated order bank closure is September 15th, though this date is subject to change. To maximize the likelihood of customer orders being built, all orders should be submitted as early as possible.
U.S. EV Sales Dip in Q2 as Incentive Phase-Out Looms and Market Matures
New electric vehicle (EV) sales in the U.S. fell 6.3% year over year in Q2 2025, totaling 310,839 units, despite rising 4.9% from Q1 and setting a record for first-half sales at over 607,000 units.