Locator: 48752EVS.
US EV sales slowed for the first time in fourteen months. Link here.
After years of rapid growth and consecutive quarters of record EV sales in the U.S., demand seems to have cooled in April for the first time since February 2024. April EV registrations reached 97,833 units, a 4.4% year-over-year decline
America’s EV market share also dropped from 7.4% to 6.6%. While the trend is concerning, it’s not necessarily surprising or alarming. The Trump administration, despite once having Tesla CEO Elon Musk on its team, is attacking EVs in all ways possible, ambushing the industry and stalling its growth.
EVs becoming more expensive. The 2026 Rivian R1S and R1T will be "slightly" more expensive. Link here.
Tesla: has raised prices on its Model S and Model X vehicles in the US by $5,000. The starting price for the Model S is now $84,990, while the Model X starts at $89,990. The price increase "is linked to recent upgrades and potentially rising costs." No mention of the end of Federal incentives to buy an EV in the US.
