EV sales in America showed a record increase in the first half of 2025, rising 1.5% to about 607,000 units. The first quarter saw a growth of over 10% year-over-year; however, the second quarter experienced a noteworthy decline of over 6%, marking only the third year-over-year drop on record. Consumer education on EVs and economic concerns are crucial factors impacting sales, with many potential buyers opting for more familiar hybrid models instead.
While EV sales generally trended upward for most companies in the past as the market exploded, in 2025 clear winners and losers are emerging.
In the first quarter of this year, EV sales grew by more than 10% year-over-year, according to Cox Automotive.
In Q2, U.S. EV sales dropped by over 6%, according to Cox, to a little over 310,000 units from an estimated 332,000.
There's a lot of consumer unease around the economy and where prices are headed, especially with tariff bombs dropping left and right.
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