Automakers are urging buyers to purchase electric vehicles (EVs) before the $7,500 tax credit expires, as set by Trump's Big Beautiful Bill. Tesla's website prominently displays reminders about the deadline, driving urgency among customers. Ford is also extending its offer of a complimentary home EV charger and installation until the tax credit's expiration. Analysts warn that the end of the incentive may lead to higher prices for EVs and negatively impact the EV market and companies like Tesla in the long term.
Automakers are racing to capitalize on a last-minute scramble from customers looking to snap up EVs before the crucial $7,500 tax credit expires later this year.
Tesla CEO Elon Musk argued that the removal of the incentives would disproportionately affect Tesla's rivals and boost the EV giant in the long term.
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