EV Sales Plummet to 6.6% Market Share After $7,500 Tax Credit Ends

Electric vehicle sales just fell off a cliff. EV and plug-in hybrid market share dropped below 8% in January 2026—down nearly ...
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Here’s how much Ford’s EV sales dropped as tax credits expired

CORRECTION: A previous version of this report included an incorrect figure for Ford’s year-to-date sales performance in EVs. The fear of missing out on expiring tax credits juiced electric-vehicle ...