The Tesla Cybertruck, which debuted as the best-selling electric truck in 2024, has seen a staggering 50% drop in sales during its second year on the market. Reports indicate that only about 20,000 units were sold in 2025, marking it as one of the most significant sales declines for any electric vehicle currently available.
This decline raises questions about consumer demand and market dynamics in the electric vehicle sector. Analysts and dealers are expressing skepticism about Jaguar's new strategy to transition to an all-electric, low-volume lineup, indicating that the luxury EV market may face challenges.
Meanwhile, Mazda has decided to delay its planned electric vehicles until 2029, opting instead to focus on hybrid models due to a decrease in market demand for EVs. In a separate development, Ford is taking steps to enhance its luxury division, Lincoln, by establishing a new headquarters at the historic Michigan Central Station.
The automotive landscape continues to evolve, with the Apollo Evo making waves as a potential standout in the hypercar segment. Interestingly, the Volkswagen ID Buzz is performing well in international markets, although it has not gained similar traction in the United States.
Kia is also in the works on a new electric vehicle that could potentially carry the Stinger nameplate or be branded as the EV7, although details remain unclear. As the industry adapts to shifting consumer preferences and economic conditions, the future of electric vehicles remains a topic of significant interest and debate.
