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EV Tax Credits Expiring Soon: Should You Buy Before They're Gone?

UNITED STATES, JUL 29 – Federal electric vehicle tax credits increased sales by 40% in early 2023 but will expire after September 30, 2025, potentially reducing EV demand and affecting manufacturers like Tesla and GM.

Summary by WCPO Cincinnati
Electric vehicles have become increasingly popular thanks to federal tax incentives, but that's all about to change.So if you've ever considered driving an EV or have even just entertained the thought, now is the time to visit a dealer, because you have just two months before the EV tax credits expire.At Jeff Wyler Hyundai, new EVs are lined up outside, while inside, customers like Clinton Lewis are thinking of taking the plunge."No gas, all ele…

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The Next Avenue broke the news in on Tuesday, July 29, 2025.
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