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Electric Vehicle Sales Surge Despite End of Federal Tax Credits

In May, electric vehicle sales reached their highest level since the federal tax credits were eliminated last fall, coinciding with a decline in EV prices.

Editorial Staff / 2026-06-10 / 1min

May marked a significant month for electric vehicle (EV) sales, which surged to their best performance since the federal tax credits were discontinued by the Trump administration last fall.

This increase in sales occurred alongside a continued drop in the prices of new EVs, suggesting a potential shift in market dynamics.

The data indicates that despite the lack of federal incentives, consumer interest in electric vehicles remains robust.