2026 Q2 Cox Automotive EV market sales report

illopp00

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Attached. Of note, 6 Automakers are flat or up YoY compared to 2025 : Cadillac, Lexus, Lucid, Rivian, Toyota, Subaru. Rivian still doing well with R1S, the EDV market lost all its competition, and they became an even more blatantly obvious value prop with diesel prices skyrocketing. Toyota/Subaru now have legit offerings.

Lucid Air still leads it's class in sales, whole class is largely down 60% though....Definitely Gravity is taking sales from itself rather than helping expand Lucid as much, but we know they have shot themselves in the foot with capacity multiple times this year in services and manufacturing.
 

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The total YoY sales are down 20%. That's not good.
 
Some of the YoY change is due to the cancellation of the federal EV incentive.
 
Yes, very much. Still not good, but it is what it is :rolleyes:
Correct, but there is some positive direction over Q4 2025 and Q1 2025, so slow recovery. And EV adoption is growing quite rapidly thanks to lease returns and used EVs. It's kind of a hangover price of unnatural market policies and interference that has to be paid in time....
 
2Q Gravity us up less than 200 units (1632 1Q). With stop sales in 1Q I'd expect a much larger increase in 2Q.
 
EvGO is one of the few public Charging companies that post their metrics. I like to look at the total throughput, which is showing over 20% YoY as rough indication of EV miles driven and EV usage growing....Part of it is new accounts, part of it new stalls... each stall is averaging delivering ~70000kwhrs per quarter.

Screenshot 2026-07-23 141249.webp
 
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