August EV registration data, which exclude hybrids and typically lag sales by about a month, show U.S. EV registrations down 36% year over year, partly because buyers rushed purchases before the $7,500 federal EV tax credit expired on September 30, 2025. Rivian climbed from No. 10 to No. 2, trailing only Tesla, with 1,554 R2 registrations and Amazon-destined electric vans up 87% to 2,165, lifting its total registrations 33% despite a 53% drop in the R1S. Tesla still led with 48,083 registrations, nearly 10 times Rivian's 4,995, and its share of the EV market rose to 54.5% even as its registrations fell 14%. The article notes that bright spots such as Rivian, Toyota and Subaru were driven by new model launches, and that Rivian may keep its No. 2 spot for some time as a second production shift was added late in the third quarter and a third is planned for next year.
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electric vehiclesTeslaRivianAmazon
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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