Guidance on Purchasing Electric Vehicles Post-Tax Incentives

The federal tax incentives for electric vehicles have ended, but experts suggest that EVs remain a financially sound choice due to lower fuel and maintenance costs, despite higher upfront prices. Buyers have until September 30 to qualify for the incentives, which previously helped offset the higher purchase price of EVs. Long-term savings on fuel and maintenance can still make EVs a cost-effective and environmentally friendly option, though affordability may decline for lower-income consumers without the incentives.