Electric vehicle registrations fell 9.8% in April compared to April 2025.
April registrations show signs that EV sales are rebounding.
Tesla still leads the market and saw a 13% increase in registrations.
Electric vehicle sales plummeted following the repeal of the Inflation Reduction Act and the $7,500 federal tax credit. This ultimately caused all EVs to be more expensive to purchase and lease, which obviously impacts sales numbers.
EV registrations saw substantial declines to begin 2026. But, according to S&P Global Mobility data shared by Automotive News, the market may finally be starting to normalize.
