URL has been copied successfully!
Sales of new electric vehicles (EVs) trended sharply lower in February versus the prior year, but a wave of new EV launches scheduled for 2026—and painful prices at the gas pump—could spur increased demand for electric automobiles, according to a new report.
There were just under 69,000 new EVs sold in February, automotive industry insights and technology provider Cox Automotive said in its monthly EV market report, released on March 16. Sales were down by nearly 27 percent from February 2025, though they ticked up by 5.8 percent from January.
Automakers and dealerships are still adjusting to a new paradigm and gauge consumer appetite for new EV sales following the Sept. 30, 2025, expiration of a $7,500 tax credit that spurred record EV sales in the preceding months….
There were just under 69,000 new EVs sold in February, automotive industry insights and technology provider Cox Automotive said in its monthly EV market report, released on March 16. Sales were down by nearly 27 percent from February 2025, though they ticked up by 5.8 percent from January.
Automakers and dealerships are still adjusting to a new paradigm and gauge consumer appetite for new EV sales following the Sept. 30, 2025, expiration of a $7,500 tax credit that spurred record EV sales in the preceding months….
Please follow us:
