Even before the $7,500 electric vehicle (EV) tax credit ended, Americans had largely lost interest. A 2025 study by AAA found that just 16% reported being “very likely” or “likely” to buy an EV as their next car — the lowest level since 2019.
High purchase prices and battery repair costs, combined with fast depreciation in value and lack of convenient charging stations have depressed demand. The same AAA report concluded that far more Americans are interested in hybrid vehicles.
