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Story summary
- Rising gasoline prices tied to the ongoing war with Iran shift demand toward electric vehicles, with used EV sales up 12% to 93,500 in 2026.
- Tesla reported a slight rise in deliveries, selling 358,023 vehicles in the first quarter despite the absence of federal tax credits.
- Hyundai and General Motors also noted growth in their electric models.
- New EV introductions are slowing as federal support diminishes, complicating the market.
