August 15, 2026

EV prices rose for the first time in 2026, and the discounts are why

a view of a train station from the top of the escalator
Ruben Sukatendel / Unsplash

The average US electric vehicle sold for $56,126 in July, up 1.6% on a year earlier and the first rise of 2026, according to Kelley Blue Book. Automakers cut EV incentives by 24.3% year on year after pulling models and shrinking supply. The average e...