According to the latest data from Cox Automotive, the U.S. electric vehicle (EV) market continues its rapid expansion, with both new and used EV sales showing significant growth. In September, new EV sales surpassed 100,000 units for the sixth consecutive month, representing 9% of total new vehicle sales — the highest market share for EVs to date. As the price gap between electric and internal combustion engine (ICE) vehicles narrows, EVs are becoming more accessible to a broader range of consumers, boosted by strong incentives in the new vehicle market.