Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

U.S. electric vehicle sales posted a rare decline in April, falling by roughly 5% even as the broader auto market grew by double digits, according to new data from Motor Intelligence.

The drop — only the third monthly decline in EV sales since 2021 — was felt across nearly all major brands, according to Motor Intelligence data obtained by The Wall Street Journal.

Tesla, which historically accounts for around half of EV sales in the country, saw its U.S. sales sink nearly 13% last month, the outlet reported. Sales of Rivian’s flagship electric pickup and SUV were slashed in half, prompting the company to lower its 2025 forecast by 5,000 units. Other manufacturers, including Ford, Hyundai and Kia, also posted losses.

“The challenge is consumers are more price-sensitive than they typically have been and are looking for lower-price alternatives,” RJ Scaringe, CEO of Rivian, said in an earnings call Tuesday, according to Investing.com.

The sudden halt to the EV boom throws cold water on years of bullish industry forecasts and government-backed electrification targets. Carmakers had leaned heavily on subsidies, tax credits and promotional discounts to buoy sales — tools they’ve now largely withdrawn, according to the outlet. Meanwhile, price-sensitive consumers appear to be hitting their limit. Rivian’s CEO warned buyers are “looking for lower-price alternatives” as inflation, interest rates and real-word charging frustrations take their toll.

While the Biden administration invested billions to promote EV manufacturing, the pivot under President Donald Trump has seen