The EV market is on the road to recovery thanks to high gas prices
As the US war on Iran sent gas prices soaring, American car buyers flocked to electric vehicles - and in particular hybrids. After a sluggish winter and fall, EV sales rebounded in the second quarter of 2026, with automakers posting some of their best numbers since the elimination of the federal EV tax credit last year, according to a Q2 analysis from Cox Automotive.
Reported by 1 outlet — The Verge. See all sources ↓
As the US war on Iran sent gas prices soaring, American car buyers flocked to electric vehicles - and in particular hybrids. After a sluggish winter and fall, EV sales rebounded in the second quarter of 2026, with automakers posting some of their best numbers since the elimination of the federal EV tax credit last year, according to a Q2 analysis from Cox Automotive. I wouldn't go so far as to say EVs are back to their pandemic-era numbers, but there are some promising signs that we may be through the worst of it. Drivers snapped up about 247,000 EVs in the second quarter of 2026, a nice 14.7 percent jump from the start of the year, acco … Read the full story at The Verge.
Read the full report at The Verge ↗
Why it matters
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- What's the story?
- As the US war on Iran sent gas prices soaring, American car buyers flocked to electric vehicles - and in particular hybrids. After a sluggish winter and fall, EV sales rebounded in the second quarter of 2026, with automakers posting some of their best numbers since the elimination of the federal EV tax credit last year, according to a Q2 analysis from Cox Automotive.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 12m ago.
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The EV market is on the road to recovery thanks to high gas prices
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