"Cox Automotive reports that around 213,000 new EVs were sold in the first three months of 2026, marking a 28% decline year over year and a 9% drop from Q4 2025."
"The EV market share landed at an estimated 5.8% of sales in Q1, matching Q4's share, but down about two percentage points year over year."
"Tesla's share of the EV market is up to over 50% again, after a dip last year, while its share of the entire car market held steady at 3.3%."
"JD Power noted that EVs have made up 26.4% of premium vehicle sales so far this year, down only five percentage points from last year."
New electric vehicle sales fell by 28% year over year in Q1 2026, totaling around 213,000 units. The EV market share remained at 5.8%, down from nearly 12% in Q3 2025. The transition in the market is evident, with consumer demand and automaker production strategies influencing future sales. Tesla regained over 50% of the EV market share, while premium EVs performed better than mass-market models, comprising 26.4% of premium vehicle sales despite a slight decline from last year.
Read at insideevs.com
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