Year-End Inventory Hints at Stability
Electric-vehicle inventory dropped in December, according to S&P Global, but the hybrid market saw about a 19% year-over-year increase in supply despite being down from November.

From September through December, the average EV list price declined by about $6,000, attributed to incentives and lower pricing on 2026 models.
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The U.S. electric-vehicle market showed signs of stabilization at the end of 2025, according to automotive insights company S&P Global.
From September through December, the average EV list price declined by about $6,000, which the company said was driven by incentives and lower pricing on 2026 models. A change-up in market share could also indicate stabilization with the Chevrolet Equinox EV having the largest share of EV inventory and the Ford Mustang Mach-E volume falling to its lowest supply in years.
Overall EV inventory dropped in December by 30% year-over-year and 6% month-over-month to 103,590 units. Hybrid supply, however, rose about 19% year-over-year, though it was down 13% from November to 285,963 units.
The Honda CR-V held its position as the highest-volume hybrid despite being down about 14% year-over-year and about 10% from November.
EV days’ supply declined by 16 days month-over-month to 70, which S&P attributed to dealers clearing out their inventories for the end of the year. 2025 models left on lots give dealers an opportunity to use incentives and pricing adjustments to make room for 2026 editions, the company said.
Overall, auto inventory levels reflected a typical year-end sales push by dealers to clear out older stock, according to the analysis. December marked a 4% supply decline year-over-year and a about an 8% decrease from November, ending the year with about 2.8 million new vehicles on lots.
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