The $7,500 federal tax credit for new electric vehicles is ending on September 30, 2025.
Thinking about buying an electric car? You might want to act fast. The $7,500 federal EV tax credit is set to expire on September 30th, 2025 under the new US budget plan. That means if you’ve been on the fence about switching to electric, this summer could be your last chance to cash in on big savings. Used EV buyers can still get up to $4,000 back, but only until the deadline. Don’t wait until it’s too late. Follow us for more realtime auto updates, industry news, and money-saving car tips.
The $7,500 federal tax credit for new electric vehicles is ending on September 30, 2025.
You can also get up to $4,000 back on used EVs, but only for a limited time.
What are your thoughts on this? Are you switching to electric?
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