Tesla US Sales Sank 26% In January, But 5 Automakers Enjoyed EV Growth - General Motors (NYSE:GM), Stellantis (NYSE:STLA), Toyota Motor (NYSE:TM), Tesla (NASDAQ:TSLA)
Published on March 16, 2026.
In January, electric vehicle (EV) registrations in the United States fell 41% year-over-year, continuing a trend of declines since the expiration of the federal tax credit. However, five major automotive companies, including General Motors (GM), Stellantis (STLA), Toyota Motor (NYSE:TM), and Tesla (NASDAQ:TSLA), saw significant growth in sales, largely due to the low volume or new launches. The U.S. EV market claimed 5.1% of the share in January, down from 8.3% in January 2025, according to S&P Global Mobility.
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