Federal EV Tax Credits Set to Expire Sept. 30: What Buyers Need to Know Now
Federal EV Tax Credits Set to Expire Sept. 30: What Buyers Need to Know Now Prospective electric vehicle (EV) buyers have a crucial deadline approaching: federal tax incentives for EVs will officially end on September 30. This change follows a significant tax and spending bill recently passed by Congress, which terminated the previous federal tax credits of up to $7,500 for new EVs and $4,000 for used models. While the elimination of these credits is expected to impact affordability, particularly…