EV prices just fell again – here’s what US buyers paid in June

New electric vehicles kept getting cheaper in June, though not as an energy-efficiency upgrade for your house — this is about car prices. The average price paid for a new EV was $56,238, down 4.5% from a year earlier, the sixth straight month of year-over-year declines, even though prices ticked up slightly from May. For comparison, the average price for all new vehicles, gas and electric combined, was $49,758, up slightly from a year ago.

Automakers are still leaning hard on discounts, low-interest financing, and lease deals to move EVs, especially since federal EV tax credits ended last year. Incentives averaged 13% of the transaction price in June, down a bit from May but still almost double the industry average of 7% for all vehicles. A few 2026 models, including the Subaru Trailseeker, Subaru Uncharted, and Hyundai Ioniq 5, were being offered with 0% financing for 72 months.

Tesla's prices moved differently: its average transaction price rose slightly to $53,107, though that's still 2.1% lower than a year ago and the smallest yearly drop Tesla has seen all year. The Model Y, which makes up more than a third of all EV sales in the US, fell 2.7% to $51,775, while the Model 3's price ticked up slightly. Overall, EVs still cost more than the average new vehicle, but the gap has been narrowing for months, which matters mainly if you're weighing an EV purchase alongside other home energy upgrades like a heat pump or solar.