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Federal Tax Credit for Electric Vehicles Expires, but some State Incentives Remain
Automakers provide discounts up to $9,000 and low-interest financing to attract buyers after the $7,500 federal electric vehicle tax credit ended, with deals expiring mostly by early November.
- Later this month, automakers such as Ford, Nissan and Kia are offering incentives that make electric cars better value for buyers.
- After the federal tax credit ended, Aaron Bragman of Cars.com noted it helped make EVs more affordable and boosted charging infrastructure.
- Deal details show the 2025 Kia EV6 with $9,000 off and required delivery by October 31, 2025, and the 2025 Hyundai Ioniq 6 SEL with $7,500 off by the same date.
- These incentives aim to sustain EV sales, with automakers offering low- or zero-percent financing, including 0% on the 2025 Ford Mustang Mach-E, and regional bonuses like $1,000 near Los Angeles.
- Availability may vary and take delivery by November 3 or January 5 for the 2026 BMW iX, with some offers requiring ordering by October 31.
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Leaning Left0Leaning Right0Center23Last UpdatedBias Distribution100% Center
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