One year after the end of the EV tax credit, is the future still electric?

A year after the federal tax credit for electric vehicles (EVs) ended, EV sales have declined but remain stable. The credit, which expired on September 30, 2025, had previously boosted EV sales to 11.4% of new car sales. Since its expiration, sales have dropped, with EVs now making up 5-6% of new car sales in 2026. Despite the decline, the market hasn’t collapsed as some predicted. Meanwhile, hybrid vehicles, like the Toyota Sienna, have seen a surge in popularity, according to Sal Iqbal, a sales manager in New York. This shift suggests a growing interest in hybrid technology as an alternative to fully electric vehicles. QUESTION: How might the increase in hybrid vehicle sales influence the future development of automotive technology and consumer preferences?