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News in English (USA) / 16.07.2025 / 16:00

Impending Expiration of EV Tax Credits Sparks Urgency Among Buyers

As the deadline for federal electric vehicle (EV) tax credits approaches, consumers are being urged to make their purchases promptly. Significant tax incentives, including the $7,500 credit, are set to expire soon, particularly affecting buyers in states like Colorado and Arizona. Automakers are ramping up efforts to clear inventories before the expected rush of buyers, with various offers and financing deals available. Experts warn that the upcoming changes will likely lead to a decline in EV sales once these subsidies are phased out. Consumers are strongly advised to act quickly to secure both tax credits and favorable financing options before the opportunities disappear.
NPR, The New York Times, Heatmap News, The Wall Street Journal, The Colorado Sun, MinnPost, KCRW, The Columbian, CarsDirect, WJAR