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News in English (USA) / 23.09.2025 / 21:00

Impending Expiration of $7,500 Federal EV Tax Credit Sparks Rush in Electric Vehicle Purchases

As the deadline approaches for the federal electric vehicle (EV) tax credit, which offers up to $7,500, consumers are hurrying to take advantage of this incentive before it expires on September 30. Interest in EVs is surging, with reports of increased sales as buyers seek to capitalize on the remaining benefits. Major automakers are facing significant market shifts as these credits are set to vanish, causing concern among stakeholders in states such as Colorado and Florida where the impact of the expiration will be pronounced. Tesla has adjusted its policies to help customers qualify for the credits even if their vehicle delivery occurs after the deadline. Meanwhile, homeowners are reminded that other energy tax credits, including for heat pumps, are also nearing expiration, furthering the urgency to act. As consumers scramble to finalize their purchases, industry experts caution that the phase-out of these incentives could significantly alter the landscape for electric vehicle adoption.
CNN, The New York Times, National Geographic, Cars.com, Detroit Free Press, MyNorthwest.com, Automotive News, CBS News, 10tv.com, Teslarati