US policy toward electric vehicles abruptly changed in 2025, rapidly winding down the sales incentives which had previously been in place and resulting in blunting what had been healthy growth in the sales of electric vehicles. Rising gasoline prices in 2026 has restored some of that interest, but primarily in used electric vehicles now as supplies of new vehicles have shrunk.
Nonetheless the fact remains: sales of internal combustion vehicles peaked about a decade ago and have remained at best flat since, while electric vehicle sales are growing rapidly. Don't believe it? Sales peaked in the US in 2015, and 2017 world wide.
China is the dominant market for electric vehicle sales, larger than the US and the European Union put together.
In 2026 electric vehicles have achieved purchase price parity with gasoline vehicles, and with vastly lower costs per mile. US policy shifts will slow vehicle electrification in the US market, but globally it is accelerating.
EVs have won, all that is left is the circus.