- EV demand plunged after the $7,500 federal tax credit ended in Sept 2025 — deliveries dropped 27% in Q1 2026 after a 46% fall in Q4 2025.
- Big-name shakeups: Tesla is retiring the Model S and Model X, Honda and Volvo canceled upcoming EVs, and many launches are delayed rather than signaling a full retreat from electrification.
- Affordable imports took the biggest hit — Hyundai paused the Ioniq 6 (standard) and 2026 Kona Electric, Kia dropped the Niro EV, and tariffs plus weaker demand pushed up costs.
The news, distilled into what matters.
Get the full experience in the app — topics, comments, and audio summaries.