Episode
EV Sales Slow in 2026: Used Cars and Hybrids Surge as Tax Credits End
- Published
- Apr 24, 2026
- Duration seconds
- 157
- Processing state
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- https://player.megaphone.fm/NPTNI3151349092
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Summary
In the past 48 hours, the electric vehicle industry shows a mixed global picture, with US sales slowing amid rising used EV demand, while hybrids gain ground and infrastructure expands steadily. New EV sales dipped after a Q3 2025 rush for expiring federal tax credits, creating a holding pattern in early 2026, though models like Rivian R2, Volvo EX30, and BMW's lineup are launching to spark interest[2]. In California, zero-emission sales plunged 40 percent in Q1 to 57,111 units, with EV market share at a four-year low of 13.7 percent; hybrids hit 21 percent share, led by Toyota Camry[4]. Nationally, new EV transaction prices fell 6 percent year-over-year to 54,508 dollars in March, while used EV sales surged 27.7 percent, with supply at 31 days[7]. Used EVs grew 35 percent from 2024 to 2025, averaging 37,000 dollars[8]. Consumer shifts favor hybrids over pure EVs due to ended tax credits up to 7,500 dollars new and 4,000 dollars used, plus 30-40 percent used price drops and 250,000 off-lease floods expected[4]. Fuel spikes above 4 dollars are pushing some toward EVs, boosting search demand for BYD up 200 percent and Kia hybrids[1]. Fast charging added 3,400 ports in Q1 at stable 0.53 dollars per kWh, with utilization at 15.6 percent and Tesla's new deployment share down to 26 percent[9]. Leaders respond variably: AC Mobility in the Philippines upgraded targets to 50 percent electrified sales by 2030 from 20-30 percent, eyeing 12 percent market share in 2026 amid fuel hikes[1]. GM delayed its electric truck program indefinitely[4]. Europe saw 50 percent EV registration growth to 21 percent share in March; China doubled exports but February sales fell year-on-year[4][6]. Compared to late 2025's credit-driven boom, 2026 marks maturation with policy pullback, pre-owned gro…