Electric vehicle sales slowed in June after a stronger May, with both new and used EV sales declining month over month. New EV sales fell 15.2% from May and accounted for 5.4% of all new-vehicle sales, while used EV sales declined 15.6% but remained more than 20% higher than a year ago. Tesla continued to lead the market, although Rivian was one of the few brands to post monthly sales gains. Inventory for new EVs increased modestly but remained well below year-ago levels, indicating manufacturers are continuing to manage production carefully. Meanwhile, the growing supply of off-lease and trade-in vehicles continues to expand the used EV market and improve affordability.

For fleet operators, the expanding used EV market presents new opportunities for both vehicle acquisition and remarketing. While new EV pricing remains competitive through manufacturer incentives, increasing off-lease supply is creating a healthier secondary market that could improve fleet replacement flexibility. However, fleets should continue monitoring residual values as additional used EV inventory enters the market. With manufacturers balancing production, pricing, and incentives, EV adoption is expected to continue growing at a more measured pace through the remainder of 2026.