EV Market Resilient Despite Policy Changes and Price Challenges in 2026

In a state where gas prices average nearly $4, Paul Gillespie enjoys the perks of electric vehicles, despite towing concerns.
‘A lot more bang for your buck’: Used electric vehicles find second wind in Florida amid volatile gas prices

Florida’s EV Landscape: Navigating Market Shifts Amid Policy Changes

With gas prices hovering around $4 a gallon in Florida, the dream of skipping the pump is a reality for some, like Paul Gillespie. The 54-year-old Gainesville resident has been driving electric vehicles (EVs) since 2018, currently owning a Chevy Bolt and a Rivian R1T. Gillespie is part of a growing community of over 450,400 EV owners in the state.

“The EV driving experience, it’s a completely different feel than driving a gas car,” Gillespie shared. “You get a lot more bang for your buck out of an EV.” However, he notes that towing with his EV significantly reduces its range, especially during his fishing trips to Steinhatchee.

As gas prices in Alachua County remain high, more drivers are considering switching to electric. Despite the rising interest, a significant setback occurred with the indefinite hold placed on the construction of new EV charging stations in Gainesville. Originally, the city received an $11.65 million federal grant to build nearly 50 stations, particularly in East Gainesville. However, the project was halted following President Donald Trump’s executive order, “Unleashing American Energy.”

This policy change also impacted EV sales incentives, with the One Big Beautiful Bill Act ending key tax credits, including the $7,500 clean vehicle credit. Despite this, Gillespie remains committed to EVs.

Florida boasts over 4,500 public charging stations, ranking fourth in the U.S., but the end of tax credits has affected the EV market. Sales surged in late 2025 as buyers rushed to benefit from the incentives, but dropped afterward. However, 2026 has seen a recovery with sales increasing each quarter, and the third quarter marking a high point with over 260,000 EVs sold, making up 6% of new vehicle sales in the U.S.

Market Dynamics and Consumer Preferences

Although EV sales have dipped by 30% compared to 2025, used EV sales have risen, with almost 50,000 units sold by September 2026. Tesla remains dominant in the market, accounting for over half of all U.S. EV sales. Car salesman Enrique Maldonado notes a growing demand for used EVs, with depreciation making models like Tesla and Kia more affordable.

“If it’s accessible in price, savings will be big on gas immediately,” Maldonado explained, though he cautioned about charging time considerations. Alex Clark, another car salesman, noted limited demand for EVs at his dealership, with larger trucks being more popular among his customers.

Challenges and Opportunities in the Global EV Market

Globally, Chinese EVs account for two-thirds of sales, driven by low costs and government support, though they are scarce in the U.S. due to tariffs and the Connected Vehicles Rule that restricts imports over security concerns.

Alex Settles, a professor at UF, highlighted the competitive challenges U.S. manufacturers would face against Chinese EVs. He noted that consumer interest in EVs is a natural shift as gas-powered cars become less affordable.

“The question is whether or not consumers think this is a temporary shift in prices or a long-term shift in prices,” Settles stated.

Original Story at www.alligator.org