EconomyHigh gas prices put the EV market on the road to recovery

The US war on Iran drove gas prices sharply higher, prompting American car buyers to turn toward electric vehicles, particularly hybrids. EV sales had a sluggish fall and winter before rebounding during the second quarter of 2026. Automakers reported some of their strongest sales figures since the federal EV tax credit was eliminated. The recovery suggests that elevated fuel costs are helping renew consumer interest in electrified vehicles. Hybrids were especially popular among buyers during the rebound.

electric vehicleshybridsUS auto marketgas prices

TThe Verge★★★☆☆2026-07-13 18:03Original