A Year Without Tax Credits: EVs Are Down But Not Out

A year after the $7,500 EV tax credit ended on September 30, 2025, the U.S. market shows a slow and uneven recovery. According to JD Power, the EV share of retail sales fell from over 14% in September 2025 to 5% in November, its lowest level since 2022, and later climbed above 8% in May. Cars.com data shows days on dealer lots dropped every month from April through September, to 89.4 days. Cox Automotive reports sales rose 6.1% between the second and third quarters, to about 262,000 units, but Tesla accounts for much of the gain: without it, the market would have shrunk slightly.

• The EV share of retail sales fell from over 14% in September to 5% in November.
• U.S. EV sales rose 6.1% in Q3, to about 262,000 units.
• Without Tesla, the EV market would have shrunk slightly in Q3, per Cox.

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