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US EV Demand Declines Sharply in 2026

US EV Demand Declines Sharply in 2026

Updated: April 3, 2026 The U.S. electric vehicle (EV) market is facing a significant slowdown in 2026, with new EV sales dropping sharply in the first quarter following the expiration of the federal $7,500 EV tax credit in late 2025. While Tesla continues to dominate the segment, overall demand has cooled, leading many automakers to […]