"Thanks to President Trump's signature One Big Beautiful Bill Act, effective Sept. 30, the government tax credit for new and used EVs expires. The previous tax credit, implemented during the Biden administration, saved buyers up to $7,500 on new EVs and $4,000 on certain used EVs. Tax credits are supposed to be applied at the point of sale and effectively serve as a big discount off your final purchase price."
"Then, have a look at our list of the EVs that qualify for the full $7,500 credit. Even if a vehicle qualifies for the credit, the IRS has income thresholds that limit which buyers can get it. You can find those details here, but it is also recommended that you consult your tax professional. The tax credit is capped at $80,000 for vans, SUVs, and pickup trucks and $55,000 for other vehicles."
End-of-summer car-shopping demand is rising as the federal EV tax credit expires on Sept. 30, creating urgency among buyers. New EV buyers could have qualified for up to $7,500 and certain used EV buyers up to $4,000, with credits applied at the point of sale. Eligibility depends on battery sourcing, final production location, vehicle price caps ($80,000 for vans/SUVs/pickups; $55,000 for other vehicles) and IRS income thresholds. Buyers should verify which models qualify, check income and price limits, weigh monthly-payment versus total-cost goals, and consult a tax professional before purchase.
Read at InsideEVs
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