Upcoming EV Tax Credit Changes and Their Impact on U.S. Car Buyers
TL;DR Summary
The $7,500 federal EV tax credit will expire on September 30 after President Trump signed the Big Beautiful Bill, making it a good time for potential buyers to purchase new electric vehicles before the incentive ends. Used EVs also qualify for a smaller tax credit, and market competition may influence prices and incentives in the future. If you're planning to buy an EV and can afford it, it's advisable to do so before the credit expires.
- Why it's a smart time to buy an EV Business Insider
- How to save thousands on a car by stacking Trump's tax credits with Biden's USA Today
- EV Tax Credit: All The Cars That Lose The $7,500 Benefit In September Edmunds
- US electric vehicle tax breaks will expire on Sept. 30 Reuters
- How Republican E.V. Cuts Could Put U.S. Carmakers Behind China The New York Times
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