US EditionTax Break for Electric Vehicles Is Ending. How Does that Impact Drivers?
UNITED STATES, JUL 8 – Automakers urge buyers to act before the $7,500 federal electric vehicle tax credit ends on September 30, 2025, citing income and vehicle eligibility requirements.
- Congress approved legislation ending the $7,500 federal electric vehicle tax credit on September 30, 2025, affecting buyers nationwide.
- This policy change follows prior tax incentives introduced in 2008 and mirrors subsidy removals in Europe that caused sharp EV sales declines.
- Automakers urge consumers to purchase EVs before the deadline and extend promotions like Ford's free home charger deal through September 30, 2025.
- Barclays and AutoForecast analysts forecast a strong third-quarter EV sales surge due to the deadline, followed by significant drops, with a joint study predicting a 27% registration fall without credits.
- The elimination of this tax credit suggests increased EV prices and slower demand, prompting companies like Rivian to consider further incentives to maintain sales momentum.
29 Articles
29 Articles
Tesla and Ford are racing to sell more EVs before the Big Beautiful Bill kills the $7,500 tax credit
The Cybertruck is one of several Tesla models set to lose the $7,500 tax credit.Kevin Carter/Getty ImagesAutomakers are telling buyers that if they want to go electric, now is the time.Trump's Big Beautiful Bill is set to kill the $7,500 tax incentive for new EVs and push up prices.A Ford executive told BI that rolling back subsidies often leads to a short-term surge in demand.Tesla and Ford have a simple message for EV buyers after President Do…
Federal EV credit cuts could hurt sales, but CT credits will stay
If you’re thinking about buying an electric vehicle, you might want to buy sooner rather than later. Federal tax credits on electric vehicles, which were set to expire in 2032, will now end on September 30 under President Donald Trump’s Big Beautiful Bill. The credits offer buyers up to $7,500 off new EVs and up to $4,000 off used EVs. Barry Kresch is the president of the Electric Vehicle Club of Connecticut. Those savings were a big help in mak…
With EV tax credit gone, now’s the time to buy an electric car
Canary Media’s " Electrified Life ” column shares real-world tales, tips, and insights to demystify what individuals can do to shift their homes and lives to clean electric power. Have you been thinking about getting an electric vehicle? It may be time to put your foot on the accelerator. On July 4, President…
Watauga Democrat
Survey: Driving Stresses 93% of Gen Zers, but Most Still Aren’t Ready to Rely on Self-Driving Cars
The economic and political turmoil is influencing Gen Z drivers: nearly half said eliminating the tax credit will affect their decision to buy an EV.
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