US EV Market Plateaus: High Prices and Hybrid Competition Stall Growth

US electric vehicle registrations rose 4.6% year-over-year in June 2025, but market share remained flat at 7.5%, with Tesla declining and General Motors surging. Data reveals a slowing EV market, primarily due to high prices; the average transaction price was $56,910. Consumers anticipate more affordable EVs (around $30,000) in the coming years, like Nissan's upcoming 2026 Leaf. The rise of hybrid vehicles is also diverting some demand. While a short-term sales surge is expected in Q3 due to the expiring $7,500 federal tax credit, the market is poised for increased volatility afterward.