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What to Know About Buying Electric Vehicles After the Federal Tax Incentives End
- On July 3, 2025, the U.S. House passed a tax and spending cut bill ending federal electric vehicle tax credits after September 30.
- The credits, worth up to $7,500 for new EVs and $4,000 for used ones, had supported a more affordable EV market before repeal.
- EVs cost about $9,000 more upfront than gas-powered cars on average, but lifetime fuel and maintenance savings still make EVs financially beneficial.
- A 2023 analysis found EVs emit roughly half the carbon dioxide of gas cars by end-of-life even when charged with coal-generated electricity.
- Experts warn loss of federal incentives will reduce EV affordability mainly for lower- and middle-income buyers, potentially slowing U.S. adoption below prior forecasts.
71 Articles
71 Articles
Trump's tax plan won't help Tesla, but 2 other EV companies got a stock boost
Rivian and Lucid could gain from Trump's new tax bill.SOPA Images/GettyRivian and Lucid stocks rose after Trump's tax bill passed in the House.The bill extends 2017 tax cuts and ends $7,500 EV tax credits in the fall.Analysts say the credit cut could decrease Tesla's sales volume even further.President Donald Trump's tax bill led to a big stock boost for two Tesla rivals.American electric vehicle makers Rivian and Lucid rose as much as 4.6% and …
What To Know About Buying Electric Vehicles After The Federal Tax Incentives End
The massive tax and spending cut bill that Congress passed Thursday ends federal tax incentives for electric vehicles. Buyers have until Sept. 30 to qualify for the federal tax credits on EVs before they are terminated. But experts say there are still strong financial reasons to consider buying the vehicles even without those incentives. Before the bill passed, new electric vehicles came with a $7,500 federal tax credit, and used EVs included up…
You’re running out of time to buy an EV before Trump’s big bill kills the $7,500 tax credit on electric vehicles
The $7,500 tax credit that car shoppers can use for new EV purchases is set to expire at the end of September, according to the tax and spending bill that passed the House of Representatives on Thursday. Article Attribution | Read More at Article Source The post You’re running out of time to buy an EV before Trump’s big bill kills the $7,500 tax credit on electric vehicles appeared first on RocketNews.
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