EV sales surged in 2026, hitting record highs with nearly half of all new cars sold as electric or hybrid—up to 26% market share year-to-date. Driven by lower running costs and oil price shocks, EVs now offer major savings: around $3,000 annually on fuel and maintenance. Servicing has shifted too—from oil changes to battery checks and software updates—with fewer moving parts but still needing annual care. The industry faces a skills gap as demand for EV-trained mechanics grows, while battery reliability remains strong, holding up well over years.
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