Cox Automotive's EV Market Report says U.S. EV sales collapsed in Q4 2025 after federal incentives were revoked in October, plunging 46% from Q3 to 234,000 units, though record Q3 volume left full-year 2025 sales just 2% below 2024's 1.30 million. Tesla still leads the market with 589,000 sales, down 7%, General Motors ranks a clear No. 2 at more than 150,000, and Cox expects EV share near 8% in 2026 as new models like the Chevrolet Bolt and Rivian R2 arrive.