U.S. electricity use for electric vehicles increasing at a slower pace in 2026
Published . Updated .
We estimate light-duty electric vehicles in the United States consumed 8% more electricity during the first six months of 2026 than in the last half of 2025 (2H25) in our Monthly Energy Review, down from the 13-24% growth seen in six-month periods in recent years. The slowing electric vehicle electricity consumption growth followed a decline in sales after U.S. federal tax credits expired in September 2025. Overall, U.S. light-duty electric vehicle electricity use has more than doubled since 1H2
Directly affected
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Indirectly affected
- XOM Exxon Mobil
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- CVX Chevron
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum
Oil producers earn more when crude prices rise
- COP ConocoPhillips
Oil producers earn more when crude prices rise
- VLO Valero
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- MPC Marathon Petroleum
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- XLE Energy Select Sector SPDR
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- USO United States Oil Fund
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- OIH VanEck Oil Services
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
The price since 30 Sep 2026: Global X Autonomous & Electric Vehicles Etf (DRIV) versus the S&P 500
Since the first closing price after “U.S. electricity use for electric vehicles increasing at a slower pace in 2026,” Global X Autonomous & Electric Vehicles Etf (DRIV) is -7.32%. The S&P 500 fund (SPY) is +0.33% over the same days, a -7.65% difference versus the market.
Who gains and who loses around Global X Autonomous & Electric Vehicles Etf (DRIV)
Companies carried with this story
- DRIV Global X Autonomous & Electric Vehicles Etf
Global X Autonomous & Electric Vehicles Etf (DRIV) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “U.S. electricity use for electric vehicles increasing at a slower pace in 2026.” Reason on file: GA selected DRIV as a RELATED security because its canonical security name directly matches this event's themes: electric, vehicles. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- KARS Kraneshares Electric Vehicles & Future Mobility Index Etf
In “U.S. electricity use for electric vehicles increasing at a slower pace in 2026,” Kraneshares Electric Vehicles & Future Mobility Index Etf (KARS) is linked, with no stored direction, medium confidence. Reason on file: GA selected KARS as a RELATED security because its canonical security name directly matches this event's themes: electric, vehicles. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Global X Autonomous & Electric Vehicles Etf (DRIV)
“U.S. electricity use for electric vehicles increasing at a slower pace in 2026” (30 Sep 2026) reaches Global X Autonomous & Electric Vehicles Etf (DRIV) through this story.
Global X Autonomous & Electric Vehicles Etf (DRIV) is on the page because GA selected DRIV as a RELATED security because its canonical security name directly matches this event's themes: electric, vehicles. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Kraneshares Electric Vehicles & Future Mobility Index Etf (KARS) is here too. Its reason reads: GA selected KARS as a RELATED security because its canonical security name directly matches this event's themes: electric, vehicles. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Global X Autonomous & Electric Vehicles Etf (DRIV)
DRIV traded between 30.32 and 34.42 across 20 sessions. The latest close on file is 30.62. KARS traded between 25.93 and 29.19 across 20 sessions. The latest close on file is 26.32.
What the saved facts support for Global X Autonomous & Electric Vehicles Etf (DRIV)
33 out of 100
“U.S. electricity use for electric vehicles increasing at a slower pace in 2026” scores 33 out of 100. The score uses 2 linked companies.