US EV and PHEV Sales Slow After Federal Tax Credit Changes in Q2 2026

In the second quarter of 2026, the combined market share for battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) in the U.S. saw a decline, following significant alterations to federal EV tax credits. This shift comes as conventional hybrid electric vehicles (HEVs) continue to gain market traction, suggesting a potential consumer response to policy changes affecting electrified vehicle purchases.