The electric vehicle market in the U.S. is showing signs of slowing down, with consumers' interest in the sector rising due to rising oil prices. However, many automakers worry they were too quick to change course on EVs due to the ongoing conflict in Iran. Edmunds reported that EV consideration rose by 2 points to 11.6%, the highest since Sept. 2025, when the federal tax credit ended. Despite this, market share for electrics so far in 2026 hovering at around 6%, compared to about 8% over the same period last year and around 10% as the tax credit wound down. Cox Automotive also reported a 12% increase in used EV sales in the first three months of the year. Despite these positive figures, there are concerns that the industry may not be able to maintain its focus on affordable products, smarter pricing strategies, and continued investment in infrastructure.