Tesla Laughs as Other Automakers Slam Doors on EVs, Ride Gas Price Rollercoaster
KEY POINTS
- â˘US gas prices hit $5 per gallon in early 2026, pushing consumers toward electric vehicles.
- â˘Several automakers, including Ford and Nissan, reduced or canceled EV models, causing sales drops.
- â˘Tesla dominated Q2 with 124,800 vehicles sold and a 50.5% US EV market share.
When US gas prices sprinted to $5 a gallon in 2026, most automakers basically said 'thanks, but no EV thanks' and yanked their electric models like bad blind dates. Ford dropped EV sales 41%, Chevrolet stumbled back 48%, Mercedes took a nosedive 59%, and Nissan did the vanishing act with an 88% plunge. Meanwhile, Tesla, the grand EV maestro, snagged a 50.5% market share, selling 124,800 carsâincluding 84,863 Model Ysâand laughed all the way to the bank. Toyota, ever the comeback kid, jumped its EV sales 225% to just under 12,000, proving slow and steady also gets a zap of electricity. Thanks to rooftop solar panels fueling the Barr householdâs Model 3, they barely flinched at pump prices while others complained bitterly. Meanwhile, global Tesla deliveries rocketed 25% to 480,126 in Q2, making everyone else look like they forgot their charging cables at home.
Share the Story
(1 of 3)Teslaâs out here stealing the EV show while Ford, Chevy, and Nissan treat electric cars like that bad Tinder date you never swipe right on again.
Teslaâs making more EV deliveries than other automakers combinedâguess $5 gas is just their free marketing, and the rest forgot to show up.
Watching Ford and Nissan dump EVs during a gas price spike is like cancelling Uber because you hate your own feet.
Source: Businessinsider | Published: 7/10/2026 | Author: Alistair Barr
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