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U.S. EV Sales Reached Record High in May After Federal Tax Credit Ended
Electric vehicle sales in the United States reached an estimated 85,000 units in May, the highest monthly total since the federal $7,500 EV tax credit ended in September 2025. The average transaction price for EVs fell 4 percent year-over-year to $54,532.
Jun 11, 5:48 AM·1m read1 source
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Electric vehicle sales in the United States reached an estimated 85,000 units in May, the highest monthly total since the federal $7,500 EV tax credit ended in September 2025. Cox Automotive reported the figure on Wednesday. The data showed EVs accounted for 14 percent of average transaction price incentives, equal to roughly $7,600 per vehicle.
The average transaction price for all new vehicles in May was $49,220, down from $49,456 in April. The average EV transaction price fell 4 percent from May 2025 to $54,532. Tesla vehicles accounted for nearly all U.S. EV sales. The Model 3 and Model Y made up 96 percent of Tesla sales, with average prices of $49,082 and $51,537 respectively.
Tesla reported 47,821 retail sales in China during May, a 22 percent increase from the prior month. Exports from its Shanghai factory rose 68 percent. Sales also grew in several European markets. France recorded 5,446 Tesla vehicles sold, up 655 percent year-over-year. Sweden, Denmark, and Spain posted gains of 71 percent, 136 percent, and 113 percent respectively.
