General Motors, Honda and Volkswagen made the largest U.S. electric vehicle sales volume gains as overall domestic EV sales dropped 2.6 percent
Washington, D.C.—Global electric vehicle sales (BEV, PHEV and fuel cell) reached 20.7 million units through December 2025, up 20 percent year-over-year. China holds 62 percent of global market share.
EVs accounted for 9.4 percent of U.S. new light-vehicle sales in 2025, below the 9.8 percent share recorded in 2024, according to a report by Cox Automotive and Edmunds. For the full year, market leader Tesla sold roughly 21,000 fewer vehicles than in 2024 but still retains about 37 percent market share. General Motors, Honda and Volkswagen made the largest EV sales volume gains.
Overall, U.S. EV sales are down 2.6 percent, or roughly 41,000 vehicles.
EV Pricing and Incentives
New EV Prices Down Month-Over-Month
Kelley Blue Book reports average pricing on a new EV declined to $58,034, down 1 percent ($600) from November 2025. New EV prices in December were 2.4 percent higher year-over-year. L2 ports are up 17 percent year-over-year. DC Fast ports are up 34 percent year-over-year.
EV Incentives Up
EV incentives rose to 18 percent of average transaction price (more than double the industry average of 7.5 percent), or roughly $10,446 — a 5 percent increase from November.
Used EV Prices Flat in December
The average used EV listing price was mostly unchanged in December at $36,408, narrowing the gap with ICE models to $2,591. Prices are 1.2 percent below year-ago levels.
Charging Infrastructure
U.S. — 237,253 Public Charging Ports Available (up 2,179 from November)
As of December 31, there were 170,268 Level 2 ports and 66,985 DC Fast ports installed.
NEVI Deployment is Accelerating
Nearly 100 NEVI-funded charging stations (an estimated 500 ports) came online last year, more than double the stations and roughly triple the ports added in 2024, signaling a rapid scale-up in national buildout.
State-Level Execution is Ramping Up
Forty-two states now have approved 2026 NEVI plans, with $632 million already awarded to charging companies, marking a shift from planning to large-scale commissioning and construction.
Data Point
China’s EV Exports are Surging Globally:
EV exports from China surpassed 2.2 million units in 2025 (up 34 percent YoY), already exceeding the U.S. average of roughly 1.5 million total light-vehicle exports (all powertrains), with especially strong growth in Europe (681,000; up 17 percent) and Asia (1.1 million; up 40 percent) as well as rapid expansion in Latin America (up 81 percent); and Africa (up 122 percent).
Looking Ahead
Cox Automotive EV Forecast
“Cox Automotive expects EV share in the year ahead to be near 8%, as new product enters the market, infrastructure improves and consumer confidence in EV technology continues to grow.”
Edmunds EV Forecast
“With the expiration of the federal EV tax credit, we expect EV market share to edge down in 2026. EV share is likely to land around 6%, compared to the 7.5% we anticipate for 2025.”
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