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US EV market a year post tax credits
One year after the federal $7,500 EV tax credit was eliminated by a law signed by then-President Trump, U.S. electric vehicle sales declined nearly 24% in the first half of 2026 compared to the previous year. Despite this drop, EV sales in the second quarter of 2026 increased over the first quarter, amid rising gas prices and new state incentives like California’s $3,750 rebate. Automakers responded by reducing or discontinuing low-selling models, with some shifting focus to hybrids or plans to cease production of certain electric vehicles, while interest among younger consumers remains strong.
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