Tesla Still Dominates EV Sales, But Rivals Are Starting to Nibble

, with a massive 55 percent market share in July. The Model Y alone made up 37 percent of all EVs sold that month, outselling every other automaker's entire electric lineup. But new data from Cox Automotive shows that competitors like Hyundai, Cadillac, Toyota, and Rivian are slowly carving out their own pieces of the pie, even if Tesla's lead looks untouchable for now.

5 percent from the same month last year. That sharp yearly drop has a straightforward cause: in July 2025, the federal EV tax credit was still in place, and buyers rushed to use it before the Trump administration ended the incentive in September. 6 percent of all new-vehicle sales last month.

9 percent increase from June. 1 percent from the same period a year earlier. 6 percent. 9 percent from June. Hyundai posted the strongest month-over-month gain among major brands, jumping 36 percent, while Kia also benefited from strong EV9 demand.

2 percent month over month to 80 days. That's now just four days above gas-powered models, down from a nine-day gap in June. Volkswagen had the heaviest stock at 147 days, followed by Porsche at 138 and Nissan at 133. Subaru ran leanest at 46 days, with Hyundai at 52 and Lexus at 58.

2 percent to 46 days, above ICE models for the first time since February 2026. 1 percent year over year.

The price gap between electric and gas vehicles hasn't closed. 6 percent higher than a year ago, while new combustion models averaged $49,649. 8 percent in July. 3 percent above last year's level.