The EV market is on the road to recovery thanks to high gas prices
The Verge·July 13, 2026
High gas prices, fueled by the US war on Iran, have driven American car buyers to electric vehicles, particularly hybrids. Electric vehicle sales rebounded in the second quarter of 2026, with automakers posting strong numbers despite the elimination of the federal EV tax credit last year. According to a Q2 analysis from Cox Automotive, drivers purchased approximately 247,000 EVs, a 14.7 percent increase from the start of the year. The surge in EV sales suggests the market may be recovering from a sluggish period, with promising signs for the future of electric vehicles.
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