The US electric car market is cooling down, but car companies say the trend towards electrification will not change.

After the US government cancelled the tax credit for electric vehicles, the US electric vehicle market has significantly cooled down. Data shows that by 2025, electric vehicles accounted for 9.6% of total car sales, but in the past three months, this proportion has dropped to 6.5%, the lowest level since early 2022. However, with the rising oil prices, car manufacturers are introducing more competitively priced electric and hybrid models. The industry still generally believes that electrification is a long-term trend.