agent Entrepreneur logo
MenuMENU
SearchSEARCH

IHS: EVs Will Reach 7.6% Market Share in 2026

IHS Markit analysts say electric vehicles will account for 7.6% of all new vehicles sold in the United States in 2026, predicting ‘explosive’ growth in a segment driven by rapidly proliferating makes and models.

Tariq Kamal
Tariq KamalFormer Associate Publisher
Read Tariq's Posts
May 29, 2019
IHS: EVs Will Reach 7.6% Market Share in 2026

The upcoming 2020 Mercedes-Benz EQC is among the parade of new all-electric models set to enter the North American market, representing an industrywide investment IHS Markit analysts say will help U.S. EV sales grow 543% by 2026.

Photo courtesy Mercedes-Benz USA

2 min to read


LONDON — The sheer number of new electric-vehicle models advancing on the U.S. auto retail market will help EVs claim 7.6% of all new-unit sales in 2026, according to the latest research by IHS Markit. EVs accounted for only 1.2% of sales in 2018, when 18 such models were available; by 2026, IHS expects that number to grow to 133.

“With several factors driving automakers to invest in a zero-emissions future, IHS Markit forecasts explosive growth in the number of electrified powertrain offerings in the U.S. between 2018 and 2026,” said Stephanie Brinley, the firm’s principal automotive analyst.

Ad Loading...

Earlier this month, a AAA survey revealed Americans are more likely to believe most new vehicles will be fully autonomous than electric by 2029. In an April 2018 interview with Auto Dealer Today, ChannelNet’s Paula Tompkins urged dealers to keep pace with new standards for efficient sales and effective customer service established by EV manufacturers.

IHS forecasts sales of 1.28 million new electric vehicles in 2026, an 543% increase from the 199,270 sold by U.S. dealers last year. By 2023, 43 established and upstart factories will offer at least one EV option compared with 14 brands offering EVs in 2018, according to the report. Tesla, whose $35,000 Model 3 sedan helped sales of all EVs more than double from 2017 to 2018, is poised to remain the segment leader — for now.

“Automakers across the globe are making massive bets on the future of EVs, with VW perhaps making the most aggressive moves in this segment,” Brinley said. “The investment will support what is expected to be a fundamental shift in propulsion systems offered in the decades to come, with the billions in investment earmarked so far only the beginning of the change.”

Originally posted on Auto Dealer Today

More Industry

Two white men's shaking hands
Industry•October 15, 2026

Penske Auto Group Deal a Record

The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.

Read More →
Rows of cars parked in exterior lot
Industry•by Hannah Mitchell•October 8, 2026

War Toll a Damper on Used Auto Prices

Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.

Read More →
Mechanic cleaning interior of engine
Industry•by Lauren Lawrence•October 8, 2026

Bridge the Maintenance Gap

With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.

Read More →
Ad Loading...
Ford F-150 truck rounding a curve
Industry•by Hannah Mitchell•October 1, 2026

California Store Has New Owner

The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.

Read More →
crane lowering a pipeline into the ground
Industry•by Lauren Lawrence•October 1, 2026

BMW Plant Pursues Cleaner Energy

BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.

Read More →
Two dodge cars outside of dealership.
Industry•by Lauren Lawrence•September 17, 2026

Auto Affordability Inches Up

The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.

Read More →
Ad Loading...
Five men smiling for photo in front of Honda car dealership.
Industry•by Lauren Lawrence•September 10, 2026

Ohio Auto Group Under New Ownership

After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.

Read More →
Blue and white RV parked on beach facing the ocean.
Industry•by Lauren Lawrence•September 3, 2026

RV Group Expands Carolina Footprint

Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.

Read More →
Photo of two men and one woman on a discussion panel
Industry•by Hannah Mitchell•September 1, 2026

Agent Acumen

An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.

Read More →
Ad Loading...
Gloved hand holding two wrenches next to “Turn Overdue into Opportunity” Graphic
Industry•by Lauren Lawrence•August 27, 2026

Missed Maintenance Creates Opportunity

As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.

Read More →
Ad Loading...