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New EV sales drop 28% in Q1 2026, but used EVs surge 12% to near-record levels

3 months ago

The US electric vehicle market has split into two diverging realities. New EV sales cratered 28% year-over-year in Q1 2026 to just 212,600 units, according to new data from Cox Automotive — but used EV sales surged 12% to 93,500 units, with prices now within $1,300 of equivalent gas cars.

The data, presented in Cox Automotive’s Q1 2026 Industry Insights call on March 25, reveals the clearest picture yet of how the federal tax credit’s expiration is reshaping the EV market — and creating what may be the best buying opportunity in the history of electric vehicles.

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Fred Lambert

Wheel-E Podcast: New Super73s, Heybike Villain, more

3 months ago

This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes new electric bicycles from brands like Ride1Up and Heybike, plus comeback stories from Juiced Bikes and Rad Power Bikes, a look at how the answer to high gas prices might have been parked in the corner of your garage this whole time, and more.

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Micah Toll