July Registrations Show US EV Demand Slowing as Hybrids Gain Traction

New vehicle registration data for July reveals a significant slowdown in battery-electric vehicle (BEV) adoption across the U.S., with a 31% year-over-year decline. This shift comes as consumer interest, particularly for models like Toyota and Ford, appears to be pivoting towards hybrid and extended-range electric vehicles (EREVs), which saw an 86% surge in registrations.