An executive order by the Trump administration has introduced uncertainty around the growth of electric vehicle (EV) adoption by targeting federal initiatives intended to support EV sales. Key provisions include seeking the elimination of a $7,500 federal tax credit for EV buyers, halting expansion plans for charging infrastructure, and revoking federal sales goals for EVs. Industry experts suggest that consumers considering an EV may need to act quickly to secure available incentives before potential changes take effect, though the ultimate outcome of the order remains uncertain.
If you are risk-averse in any way, shape or form, yes, pulling ahead your sale is probably the easiest thing you can do to guarantee you're going to get that (federal tax credit) and any other current incentives that are available.
The directive included provisions targeting initiatives to boost the sales of EVs, including seeking the elimination of a federal tax credit of up to $7,500 for consumers who buy EVs.
The fate of the tax credit is up for grabs. So if grabbing the tax credit is a major reason why you're considering buying an EV, you may want to buy or lease that vehicle now.
It's kind of dicey out there right now.
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