You’d think that the Iran war would have been good news for EV sales, given the boost in gasoline prices and general uncertainty it sparked. Instead, it might someday mark the beginning of the end of the left’s EV dreams. [some emphasis, links added]
New EV sales in April – the second full month of the war – were down 6.2% compared with March, and down a whopping 23% from the year before, according to Cox Automotive.
True, overall car sales were down last month, but just by 5.4% year over year, and 1.9% from March.
In other words, people were increasingly turning to gasoline-powered cars when they bought in April. And that’s even though searches for EV cars were up.
More people are searching for EVs, and fewer are buying them. That’s not exactly something you’d want to put in a promotional campaign.
And check out this chart from S&P Global.
It shows that EVs’ market share was heavily dependent on federal taxpayer subsidies, which have been down ever since they were canceled at the end of September. (The spike before that was the result of buyers trying to beat the end of this EV welfare program.)
But here’s the really juicy tidbit. The New Car Dealers Association reports that registrations of new EVs in California in the first quarter of this year were 40% below Q1 2025.
This is the state that has done the most to force people into electric cars, including high gasoline prices, currently above $6 a gallon.
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The cost of gas will eventually go down but the price of electricity that is corrupted by intermittent inputs from wind and sun will continue to go up especiaaly due to the massive demand for transmission lines.