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The EV market moderated in June following a stronger May, as both new and used EV sales declined month over month. Despite softer demand, new EV inventory remained well below year-ago levels, reflecting a market that continues to operate with…

The EV market showed further signs of stabilization in May, following softer conditions in April. While new EV sales improved sequentially, overall demand remains below year-ago levels. The annual decline of 21.9%, however, was the smallest since government support was…

The electric vehicle market softened in April following March’s rebound, with performance diverging between the new and used segments. New EV sales declined amid broader weakness in overall vehicle demand, even as elevated fuel prices renewed consumer focus on efficiency.…

Electric-vehicle sales in March rebounded notably from February, across both new and used models. The influence of high gas prices can’t be ignored in the numbers, but the year-over-year story provides better perspective. As expected, the used EV market continues…

February underscored the EV market’s new reality, with new EV sales sharply lower year over year and used EV momentum continuing to build. Inventory levels tightened from January and prices were pushed lower across both new and used segments, highlighting…

January marked a reset for the EV market, with new‑vehicle demand softening sharply and inventory building, while used EV sales strengthened and supply tightened further. Pricing edged lower across both segments, narrowing EV‑to‑ICE premiums. New and Used EV Sales –…

As widely forecast, sales of new electric vehicles (EVs) in the U.S. fell sharply in the fourth quarter, following record-breaking results in Q3. With government-backed sales incentives revoked at the start of October, total EV sales in Q4 plunged to…

In November, the electric vehicle (EV) market’s downturn deepened, with the expiration of the federal tax credit continuing to weigh on demand. Market share reached multi-year lows as sales declined. Weak demand fueled a surge in inventory, with days’ supply…

October marked a sharp reversal for the electric vehicle (EV) market as the expiration of the federal EV tax credit cooled demand after three months of accelerated sales. Buyers rushed to secure incentives before the deadline, but once it passed,…

September marked a third consecutive strong month for the electric vehicle (EV) market, helping push Q3 sales to a record high. As buyers rushed to take advantage of the final days of the federal EV tax credit, demand remained elevated,…

August marked a second consecutive strong month for the electric vehicle (EV) market, with record sales and rising market share in both the new and used segments. As consumers acted quickly ahead of the Inflation Reduction Act’s tax credit expiration,…

The electric vehicle (EV) market gained strong momentum in July, with new and used EV sales rising sharply as consumers accelerated purchases ahead of the Inflation Reduction Act’s tax credit expiration. Inventory tightened, incentives climbed, and pricing adjusted – highlighting…