U.S. electric-vehicle electricity demand growth slowed to at least a three-year
low, the EIA said Wednesday. Electricity use for light-duty EVs rose 8% YoY in
1H 2026, down from recent gains of 13–24% and a 24% peak in H2 2023. New EV
sales in 1H 2026 fell 19% versus the prior six months; federal tax credits that
had reduced purchase and lease costs expired in September 2025. Automakers
including Ford and Honda have cut poorly selling EV models since late 2025.
Despite the slowdown, light-duty EV electricity consumption has more than
doubled since 2023 and reached about 14 billion kWh in 1H 2026.
