Elektros (OTC:ELEK) highlighted rising U.S. demand for used electric vehicles in Q1 2026 as fuel prices and an influx of off-lease EVs reshape buyer incentives. Used EV sales rose 12% YoY to 93,500 units, with average used EV prices about $1,300 above comparable gasoline vehicles. Charging infrastructure grew to 71,000 public DC fast ports, adding ~3,500 stalls in Q1 — accelerating network buildout that supports resale demand and broader adoption.
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Positive
- Used EV sales +12% YoY to 93,500 units in Q1 2026
- Average used EV price near parity: $1,300 premium vs gasoline vehicles
- U.S. DC fast-charging network at 71,000 public ports; 3,500 added in Q1
Negative
- Expiry of the $7,500 federal EV tax credit on Sept 30, 2025 pressured new EV sales in Q1 2026
SUNNY ISLES BEACH, FL / ACCESS Newswire / April 13, 2026 / Elektros Inc. (OTC PINK:ELEK) today highlighted key trends shaping the U.S. electric vehicle market in 2026, underscoring the long-term demand fundamentals management believes will benefit the Company’s integrated lithium mining and energy strategy.
The used EV vehicle market is emerging as one of the most resilient growth stories in clean transportation. Used EV sales rose
Used EVs are also turning at nearly the same pace as gas cars on dealer lots, a clear sign of genuine consumer demand. For millions of American consumers, the barrier to EV ownership has never been lower.
New EV sales faced headwinds in Q1 as the
Importantly, rising energy and gasoline prices, driven in part by ongoing geopolitical tensions, are beginning to shift the calculus for cost-conscious consumers, with search activity and shopping traffic for EVs climbing notably across major automotive platforms in recent months. Analysts caution that interest doesn’t immediately convert to sales, but history suggests sustained fuel price pressure is one of the most reliable catalysts for accelerating EV adoption. A wave of off-lease EVs now entering the market, combined with near price-parity versus gasoline alternatives, means consumers facing elevated pump prices have more accessible electric options than at any prior point in the market’s history.
Charging infrastructure continues to expand in step. The U.S. DC fast-charging network surpassed 71,000 public ports as of April 1, 2026, with approximately 3,500 new stalls added in Q1, a meaningful increase over the 2,700-plus added in the same period last year. Globally, public EV charging infrastructure is projected to surpass 9 million stations by year-end 2026 as China and Europe continue to expand aggressively.
About Elektros, Inc.
Elektros, Inc. (OTC PINK:ELEK) is focused on the development of artisanal hard-rock lithium mining operations in Sierra Leone, West Africa. The Company’s strategy centers on lithium exploration, development, and export to refining partners in the United States.
Investor Relations: www.elektros.energy/investors
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Factors include, but are not limited to, regulatory developments, operational execution, market conditions, and technological changes.
Contact
Elektros, Inc.
Investor Relations & Media
Email: elektrosinc@gmail.com
Website: www.elektros.energy
Phone: 786-477-9003
SOURCE: Elektros, Inc.
View the original press release on ACCESS Newswire
FAQ
How did used EV sales perform in Q1 2026 and what does it mean for ELEK?
Used EV sales increased 12% YoY to 93,500 units in Q1 2026, showing stronger resale demand. According to Elektros, this trend supports its integrated lithium mining and energy strategy by expanding the available EV fleet and improving affordability for price-sensitive buyers.
What effect did the $7,500 federal EV tax credit expiry have on ELEK’s market outlook?
The tax credit expiry reduced new EV demand and pushed buyers to the used market in Q1 2026. According to Elektros, this is a transitional headwind that temporarily shifts sales toward used EVs, rather than a permanent structural retreat from EV adoption.
How close are used EV prices to gasoline cars and why does that matter for ELEK (ELEK)?
Used EVs averaged about $1,300 more than comparable gasoline vehicles, approaching price parity. According to Elektros, near-parity lowers barriers to EV ownership for cost-conscious consumers, potentially accelerating used-EV turnover and supporting downstream demand for battery and lithium-related services.
What charging infrastructure growth was reported and how does it affect ELEK’s thesis?
The U.S. DC fast-charging network reached 71,000 public ports, adding ~3,500 stalls in Q1 2026. According to Elektros, faster charger expansion improves EV practicality and resale value, reinforcing demand fundamentals tied to its energy and lithium operations.
Will rising gasoline and energy prices influence ELEK’s business prospects in 2026?
Rising gasoline and energy prices are increasing consumer interest in EVs and used EV searches. According to Elektros, sustained fuel-price pressure is a reliable catalyst for adoption, which could strengthen demand for lithium and energy services tied to the company’s strategy.
