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U.S. EV Registrations Plummet Amid Tax Credit Expiration

3/15/2026

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Summary

Story summary

In 2025, U.S. electric vehicle registrations declined 0.4% year over year, the first drop in a decade, amid the expiration of tax credits, high interest rates, and charging infrastructure concerns.
January 2026 saw EV registrations fall 41% year over year, reducing market share to 5.1%.
Tesla, Inc., and Ford Motor Company reported substantial declines, while Cadillac, General Motors’ luxury brand, posted a rare increase.

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Story summary

In 2025, U.S. electric vehicle registrations declined 0.4% year over year, the first drop in a decade, amid the expiration of tax credits, high interest rates, and charging infrastructure concerns.
January 2026 saw EV registrations fall 41% year over year, reducing market share to 5.1%.
Tesla, Inc., and Ford Motor Company reported substantial declines, while Cadillac, General Motors’ luxury brand, posted a rare increase.