Sales

U.S. factory incentives drive big gains in April EV registrations despite Tesla's 17% plunge

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April incentives for Toyota's bZ4X totaled $10,963 per vehicle, compared with just $718 in April 2023. (HANS GREIMEL)
June 20, 2024 12:00 PM

U.S. electric-vehicle registrations rose 14 percent in April after a lackluster first quarter, thanks to automaker incentives in excess of $10,000 on some models. But Tesla's numbers continued to fall sharply and its share of the EV segment dropped below 50 percent, according to new-vehicle data from S&P Global Mobility.

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