EV Market Update: June Insights
The electric vehicle (EV) market saw a moderation in June, following a stronger performance in May. Here’s a summary of key trends and statistics from the month:
Current Sales Trends
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New EV Sales: Approximately 74,967 new EVs were sold in June, reflecting a 15.2% decline from May and a 27.8% drop compared to the previous year. This accounted for 5.4% of total new vehicle sales.
- Top Seller: Tesla dominated with 40,460 units, holding about 54% of the EV market share.
- Rising Competitors: Rivian experienced an 8.3% sales increase, moving into the second position among EV brands.
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Used EV Sales: Used EV sales reached 35,253 units, down 15.6% month-over-month, yet 20.3% higher compared to June 2025.
- Leading Brand: Tesla led the used EV market with 12,848 units sold through non-Tesla dealers.
Inventory Analysis
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New EV Days’ Supply: Increased to 81 days, which represents a 14.7% increase from May but remains 32.4% below year-ago levels. Inventory disparities exist among manufacturers, with brands like Volkswagen and Porsche having higher days’ supply.
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Used EV Days’ Supply: Rose to 38 days, marking a 17.6% increase month-over-month but still 5.5% below year-ago levels.
Pricing Overview
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New EV Average Transaction Price (ATP): Increased to $56,238, a 3.5% rise from May but 4.5% lower compared to last year. Incentives decreased slightly and now account for 13% of ATP.
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Used EV Average Listing Price: Increased to $38,342, up 3.5% from May and 7% year-over-year, reflecting a mix shift towards higher-priced models in the used market.
Future Outlook
The EV market is anticipated to grow at a slower pace in the coming months. While there was a sales dip in June, inventory levels remain tight, indicating controlled supply conditions. Ongoing competitive pressures are predicted in the new market as manufacturers recalibrate pricing and incentives. The expansion of the used EV market will continue to enhance consumer access and support long-term EV adoption.
For a deeper dive into these trends and more detailed data, check the June Kelley Blue Book ATP report.
The insights provided aim to monitor sales volume, inventory supply, and pricing, shaping an understanding of the current EV landscape. For ongoing updates, explore the entire series of EV Market Monitor reports and the Q2 Electric Vehicle Sales Report.
