Federal EV Tax Credit Expires: Immediate Impact on Electric Vehicle Market and Buyers
Federal EV Tax Credit Expires: Immediate Impact on Electric Vehicle Market and Buyers As of today, October 1st, the $7,500 federal tax credit for electric vehicles (EVs) has officially expired, marking a significant shift for consumers and the automotive industry. This widely anticipated deadline is expected to lead to an immediate dip in EV sales and a rise in real-world prices, transforming previously affordable electric models. Consumers responded to the impending expiration by driving record EV sales in August 2025,…