EV Models With Largest Sales Decline In 2026
U.S. EV sales fell nearly 50% after the Clean Vehicle Tax Credit expired in 2025, but have since rebounded slightly. Cox Automotive data shows sales of specific EV models, including Rivian R1S, Hyundai Ioniq5, and Tesla Cybertruck, declined by double digits in 2026. Rivian saw a 12.3% drop, Hyundai a 24.3% drop, and Tesla a 28.0% drop in unit sales year-over-year.
How this was made
The 30-second read
Why it matters
It highlights which EV models have the largest year-over-year unit sales declines in the first nine months of 2026 versus the same period in 2025, using Cox Automotive and MSRP ranges from Car and Driver.
Market read
Traders can use the model-level demand deterioration to reassess near-term EV demand expectations for the named automakers’ specific models, though it is not a fresh earnings or guidance catalyst.
What to watch
Unit declines could reflect supply constraints, mix shifts, pricing changes, or model refresh timing, none of which are quantified here.
Background
The article attributes the earlier EV demand crater to the termination of the US Clean Vehicle Tax Credit on October 1, 2025, and then cites Cox Automotive data for 2026 incremental recovery.
Ticker impact
Article lists Rivian R1S as having a -12.3% unit-sales change in Q1-Q3 2026 vs Q1-Q3 2025, with 17,259 units YTD 2026.
Likely downward pressure as traders price continued weak model-level sales momentum.
The piece provides model-specific year-over-year unit declines and market-share context, but it is not a company disclosure or guidance update.
Article lists Tesla Cybertruck as having a -28.0% unit-sales change in Q1-Q3 2026 vs Q1-Q3 2025, with 11,586 units YTD 2026.
Likely negative bias as traders interpret continued Cybertruck unit declines as demand softness.
The article provides explicit model-level year-over-year unit declines and market-share context, but it is not a Tesla earnings or guidance update.
Market effects
Model-level unit declines reinforce that EV demand recovery is incremental, not a broad rebound.
US-focused sales data highlights ongoing sensitivity to prior US EV credit expiration.
Limited direct global impact, but it can influence broader EV sentiment and competitive positioning.
Counterpoint
The article frames a market-share gain for EVs overall, so the worst performers may be idiosyncratic rather than signaling a renewed demand collapse.
Key entities
- EV modelRivian R1S
Ranked among the EV models with the largest unit-sales decline, with -12.3% change in Q1-Q3 2026 vs Q1-Q3 2025.
- EV modelHyundai Ioniq 5
Ranked among the EV models with the largest unit-sales decline, with -24.3% change in Q1-Q3 2026 vs Q1-Q3 2025.
- EV modelTesla Cybertruck
Ranked among the EV models with the largest unit-sales decline, with -28.0% change in Q1-Q3 2026 vs Q1-Q3 2025.
