New EV sales drop 28% in Q1 2026, but used EVs surge 12% to near-record levels

Electrek
By Fred LambertMar 27, 2026, 10:06 am108 ptsTrending
The US electric vehicle market has split into two diverging realities. New EV sales cratered 28% year-over-year in Q1 2026 to just 212,600 units, according to new data from Cox Automotive — but used EV sales surged 12% to 93,500 units, with prices now within $1,300 of equivalent gas cars. The data, presented…

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