Verdict: True
The hater has a point this time.
The hater has a point this time. US EV sales fell after the $7,500 federal tax credit ended on September 30, 2025. Cox Automotive's Kelley Blue Book estimates show 247,226 new EVs sold in the second quarter of 2026, down 20.5% from 311,064 a year earlier, and first-half 2026 sales of 462,892, down 23.8%. Losing the credit raised the real price of a new EV overnight, and buyers noticed.
Two things the headline skips. Sales grew about 15% from the first quarter of 2026 to the second, so the drop is leveling off rather than spiraling. And not every brand is shrinking: Kia, Toyota, Subaru, Rivian and Cadillac all sold more EVs in Q2 2026 than a year earlier. Slower, yes. Over, no. If you are shopping, a slower market usually means more inventory and better deals for you.
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