Toyota dominates EV growth with 78% year-over-year increase in bZ crossover sales, hitting 10,029 units, while Lexus' RZ surged 207% to 4,456 units. GM, despite leading non-Tesla EV sales at 24,698, saw only Cadillac Optiq (66% growth) and Vistiq (1,902 buyers) drive gains. Blazer EV plummeted 83% to 1,077 units after factory idling.

Used EV demand soars as new car prices rise. 93,500 used EVs sold in Q1 2026 (+12% YoY), typically 1-year newer and 30,000 miles less than gas equivalents. $5,000-$20,000 price points attract budget buyers, with lease-to-own transitions expected to flood markets as Biden incentives expire.

Policy impacts reshape the market: tax credit loopholes boosted leasing, but 2026 deadline may trigger dealership surges. Consumer hesitancy lingers over battery longevity and charging infrastructure, slowing new EV adoption despite 2.5% hybrid/EV growth in March.

Industry shifts highlight legacy automakers' adaptation challenges. Toyota's pivot contrasts with GM's model-specific volatility, while Tesla's dominance remains unchallenged. Q2 trends will reveal if EV adoption stabilizes or faces deeper headwinds.