EV Sales Crashed 41% In JanuaryBut These Brands Still Grew

"In January, electric car registrations in the United States fell by a whopping 41% compared to the same period last year, marking yet another month of decline since the $7,500 federal tax credit was canceled on September 30, 2025. The vast majority of car brands saw registrations go down in the first month of this year, according to data from S&P Global Mobility quoted by Automotive News."

"It's a vicious cycle. Buyers can no longer rely on the federal tax credit to get a better price on a new EV, which slims down the customer pool for dealers. Meanwhile, car manufacturers no longer have to pay penalties if they don't sell enough EVs, so there's no incentive for them to push new models."

"The share of electric vehicles fell to 5.1% from 8.3% in January of last year, while gas cars increased their market share by 2.3 percentage points to reach 76.6%. Hybrids climbed 1 percentage point to 14.7%."

U.S. electric vehicle registrations collapsed 41% in January compared to the previous year, with EV market share declining to 5.1% from 8.3%. This marks continued decline since the $7,500 federal tax credit ended September 30, 2025. Only 59,802 EVs were registered in January out of 1.2 million total new vehicle registrations. Gasoline vehicles increased market share to 76.6%, while hybrids rose to 14.7%. The decline reflects a vicious cycle: buyers lack incentive to purchase EVs without tax credits, reducing dealer customer pools, while manufacturers face no penalties for insufficient EV sales and have begun canceling electric models including the Ford F-150 Lightning.

Read at insideevs.com