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The Chinese-owned automaker told dealers it is still trying to understand why it is being banned from the U.S. market.

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The average transaction price for EVs was $56,126 in July, according to Kelley Blue Book. That's a 1.6% increase compared to July 2025.

Henry Green of KraneShares explains why he remains bearish on Rivian (RIVN), pointing to challenges in the U.S. EV market and the expiration of tax credits. He also discusses global EV opportunities, including China, before Tom White outlines a bullish options strategy for Tesla (TSLA).

Noah Hamman sets the stage for Tesla's (TSLA) earnings after Wednesday's closing bell. His biggest point of focus: EV sales, which he believes will show growth thanks to international markets.

The California-based startup has struggled with sales, quality issues and turnover.

Sweden's Polestar reported a 4% fall in quarterly sales volumes on Thursday, weeks after the EV maker was handed a U.S. market ban starting in the 2027 model year, adding to its ongoing struggles to turn a profit.

Demand for electrified cars continued to underpin growth in Europe's auto market in May, offsetting a sharp decline in petrol and diesel sales and allowing Chinese brands to expand their footprint, data from the European Automobile Manufacturers' Association (ACEA) showed on Tuesday.