In August, Toyota led the growth of electric vehicle sales in the United States, selling 4,964 units, which represents a 35% increase compared to July. Across the entire market, approximately 78,895 new electric vehicles were sold in August, reflecting a 2.5% rise from the previous month.
The average transaction price for a new electric vehicle dropped to $54,754 in August, a 1.3% decrease from July. This decline is attributed to higher sales of more affordable models, including the Toyota bZ, Chevrolet Bolt, and Tesla Model 3. The price gap between electric and gas-powered cars narrowed to $4,847.
Tesla remains the market leader with 40,816 units sold, though its market share decreased to 51.7%. Other manufacturers, including Chevrolet, Cadillac, and Kia, also reported growth in August. Meanwhile, Toyota has sold over 22,500 bZ units in the first eight months of 2026.
The 2027 Toyota bZ XLE FWD model is priced starting at $34,980 with a range of 236 miles. The FWD Plus version offers up to 314 miles of range for $37,980. Toyota currently offers three electric SUV models in the US, including the C-HR starting at $37,080 and the bZ Woodland at $45,380.
