Toyota climbs to fourth in US EV sales with 225% Q2 surge, but market remains 36% below year-ago levels
By Eve
Toyota secured a 4.7% share of the US electric vehicle market in the first half of 2026, ranking fourth among EV sellers after a 225% quarter on quarter sales increase in Q2, according to Cox Automotive's latest report. The US sold 247,226 EVs in Q2 2026, down 36% year on year but up 14.7% from Q1, with Tesla maintaining over 50% market share despite an 11% decline to 242,100 units through June. Chevrolet held second place with 6.1% share, while Hyundai's IONIQ 5 led non-Tesla models with 20,730 sales, up 8.6%.
Why it matters: The data reveals a shifting competitive landscape for charge point operators planning network expansion, with Toyota's rapid growth and Hyundai's resilience suggesting new demand patterns beyond Tesla-focused infrastructure. The 36% year on year market contraction following the end of federal tax credits signals continued uncertainty for procurement teams sizing long-term charging investments.