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Record EV Sales Surge to 37,000 Units in Q1 2026

4/9/2026

46 7 Full Breakdown

Summary

Story summary

In Q1 2026, US used EV sales reached nearly 37,000 units via Manheim, a record.
The rise followed higher gas prices and an influx of off-lease EVs from prior incentives.
Uber Technologies, Inc. expanded its $4,000 'Go Electric' incentive for eligible drivers after the tax-credit loss.
Honda and COSTCO offered significant discounts, while Tesla remained dominant though volumes declined.

History

Historical Context

In 2021, U.S. electric vehicle (EV) sales surged to 3.1 million units, influenced by rising gas prices and government incentives. California led the market with over 1 million registered plug-in cars by November 2021. This momentum reflects a broader shift towards EVs, with projections indicating that by 2026, 55% of new vehicle sales will be all-electric, highlighting the industry's ongoing transformation.

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Story summary

In Q1 2026, US used EV sales reached nearly 37,000 units via Manheim, a record.
The rise followed higher gas prices and an influx of off-lease EVs from prior incentives.
Uber Technologies, Inc. expanded its $4,000 'Go Electric' incentive for eligible drivers after the tax-credit loss.
Honda and COSTCO offered significant discounts, while Tesla remained dominant though volumes declined.

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