US EV Sales Last Week March 2026: Company-Wise Breakdown and Market Insights

As the US electric vehicle market continues its post-incentive adjustment in early 2026, weekly sales data remains limited and often estimated due to reporting lags from major automakers. No official company-wise weekly EV sales figures for the exact week of March 16–22, 2026, have been released by sources like Cox Automotive, S&P Global Mobility, or Kelley Blue Book as of March 23, 2026.

However, the most recent comprehensive monthly data (February 2026) and early March trends provide a clear picture of the current landscape. Here’s the latest available company-wise EV performance, contextualized for the ongoing week in March 2026.

Latest Monthly EV Sales Snapshot (February 2026)

According to Cox Automotive (Kelley Blue Book estimates):

• Total new EV sales: Approximately 68,951 units
• Year-over-year change: Down 26.8% from February 2025
• Month-over-month change: Up 5.8% from January 2026
• EV market share: 5.8% of total new vehicle sales

Company-Wise Breakdown (February 2026 Estimates):

1. Tesla — ~38,500 units (dominant leader)
   • Market share within EVs: 55.8% (down slightly from 60.5% in January)
   • Still far ahead of all competitors combined.
2. Hyundai — Strong second place (exact figure not specified, but noted as a top performer with month-over-month gains)
3. Chevrolet (GM) — Significant improver, up 70.7% month-over-month, vaulting into the top tier.
4. Toyota — Posted solid month-over-month gains.
5. Cadillac (GM) — Continued presence in the top five.

Other notable mentions:

• Ford: Marginal decline month-over-month.
• Nissan: Sharper pullback.
• Legacy brands like Honda, Volkswagen, and others continue to see steep year-over-year drops (some exceeding 50–80% in earlier 2026 data).

Tesla continues to capture over half the US EV market despite broader industry softness, largely due to its pricing adjustments, established charging network, and brand strength.

Context for Last Week (Mid-to-Late March 2026)

• The US light-vehicle market remains soft overall following the expiration of the federal $7,500 EV tax credit in late 2025.
• Early 2026 has seen consistent year-over-year declines in new EV registrations/sales (e.g., January registrations down 41%, February sales down ~27%).
• Used EV sales, by contrast, are accelerating — up 28.8% year-over-year in February — as buyers seek more affordable entry points.
• No major new model launches or policy shifts were reported in the past week that would dramatically alter weekly volumes. Analysts expect March monthly totals to show modest sequential improvement but continued year-over-year pressure.

Why EV Sales Are Soft in Early 2026

• Policy Impact: Loss of federal incentives has reduced affordability for many buyers.
• Higher Interest Rates & Economic Caution: Consumers are more price-sensitive.
• Increased Competition: More affordable hybrid and gas options are regaining share.
• Tesla’s Resilience: The company’s ability to maintain volume through price cuts and software updates keeps it dominant.

Despite the slowdown, industry experts at Cox Automotive note that a wave of new EV models launching throughout 2026 could help stabilize and eventually grow the segment.

What This Means for the Future of EVs in America

The current dip reflects a market maturing beyond subsidy-driven growth. Tesla’s continued leadership highlights the power of vertical integration and ecosystem advantages (Supercharger network, FSD software, etc.).

For traditional automakers, the challenge is clear: accelerate affordable EV offerings or risk losing further ground. Brands like Chevrolet (with strong month-over-month gains) and Hyundai show that targeted improvements can yield results even in a tough environment.

At VFuture Media, we track how AI, battery tech, charging infrastructure, and policy shape the transition to sustainable mobility. The 2026 slowdown appears temporary as new, lower-cost models enter the market and used EV supply grows.

Key Takeaway: While weekly granular data is not yet public, February trends confirm Tesla’s stronghold while highlighting pockets of resilience from GM’s Chevrolet brand and select imports. Expect March reporting (likely in early April) to show whether sequential gains continue.

Stay tuned for updated monthly figures as they become available.

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Sources: Cox Automotive EV Market Monitor (February 2026), Kelley Blue Book estimates, S&P Global Mobility, Automotive News, and industry reports (March 2026).