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Cox Automotive data showed a rebound in electric vehicle purchases amid higher gasoline prices. Tesla maintained its dominant position while several legacy automakers recorded sharp declines.
investopedia.comUS electric vehicle sales reached 247226 units in the second quarter of 2026 according to Cox Automotive estimates released Friday. The total marked an increase from roughly 216000 vehicles in the first quarter and represented the first sequential quarterly improvement since federal incentives ended in 2025. Higher gasoline prices improved the relative economics of electric vehicles for buyers.
Business Insider reported that the shift prompted more American households to choose battery-powered models over conventional cars trucks and SUVs. Tesla sold 124800 vehicles in the United States during the quarter securing a 50.5 percent market share. The Model Y accounted for 84863 of those deliveries a decline of 1.5 percent from the same period a year earlier.
Several other manufacturers posted steep drops. Ford EV sales fell 41 percent Chevrolet sales fell 48 percent Mercedes sales fell 59 percent and Nissan sales fell 88 percent. Automakers that maintained EV offerings recorded gains.
Toyota deliveries rose 225 percent to 11826 vehicles Subaru more than doubled to 7023 vehicles Kia rose 46 percent and Rivian increased 7.6 percent. Tesla reported 480126 global deliveries in the quarter an increase of 25 percent from a year earlier.
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cnbc.comApollo Global Management submitted a cash offer of £7.15 per share for easyJet, valuing the airline at £5.7 billion. The bid exceeds Castlelake's earlier proposal and prompted easyJet shares to rise more than 13 percent.
csmonitor.comPitchBook and the National Venture Capital Association reported that AI-related deals captured 86 percent of the total. Exit value reached $2.2 trillion, driven almost entirely by SpaceX.
news.google.comXavier Niel's family vehicle purchased the holding at 112.5 pence per share. Vodafone shares rose 12% on the day of the announcement.