EV Market in February 2026: New Sales Rise, Used Skyrocket

New EV sales rise 5.8% compared to January 2026, but drop 26.8% compared to February 2025. Used rise 28.8% and the premium between EVs and gasoline decreases.

Executive Summary for February 2026

The EV market monitor released in February 2026 points to a mixed scenario: new EV sales rose 5.8% compared to January 2026, but fell 26.8% compared to the same period in 2025. In total, EVs represented 5.8% of new vehicle sales.

New EV Sales

• Tesla led sales with 38,500 units, followed by Hyundai, Chevrolet, Toyota, and Cadillac.
• Chevrolet had a significant month-over-month jump of 70.7%; Hyundai and Toyota also recorded increases in February versus January.

Used EV Sales

• Used EVs registered 30,879 units in February, an increase of 28.8% compared to the previous year and 4.2% compared to January.
• Tesla still led used sales with over 12,133 units sold at non-Tesla dealerships; Chevrolet, Ford, BMW, and Hyundai complete the used top list.

Price and Premium

• Average Transaction Price (ATP) for new EVs: US$ 55,300, a drop of 1.4% compared to 2025 and 0.6% compared to January 2026.
• The difference between new EV premiums and gasoline cars retreated to US$ 6,532, the lowest mark ever recorded.

Used EV Prices

• Average used listing price: US$ 34,821, an 8.5% drop compared to 2025 and 1.9% compared to January 2026.
• Mercedes-Benz, Hyundai, and Audi recorded the largest monthly decreases in this indicator.
• The price gap between used EVs and non-EVs shrank to US$ 1,334; 18 out of 26 brands now have average used EV prices below their gasoline equivalents.
• Porsche, Lexus, and Toyota show the largest differences between used EVs and their gasoline equivalents.

What to Expect in 2026

With the advancement of EV launches in 2026, the catalog is expected to become more diverse, making room for brands that were not among the best sellers. Furthermore, rising gasoline prices may influence consumers' purchasing decisions toward EVs.

Talk to us in the comments: do you plan to buy an EV in 2026, or do you already have a model in mind? What would weigh most heavily on your decision given these price and availability trends?