#ev-tax-credits

#ev-tax-credits

The party's over. Now comes the hangover. I'm talking about the end of electric-vehicle tax credits in America, which helped drive a bonanza of sales in the third quarter of this year. But now that they're gone, many experts and analysts expect a downturn in the marketat least for a while. Predictions we've reported on range from "a speed bump" to "a dangerous drop in investments that would keep the U.S. competitive with Europe and China."

The Republican tax and spending package that passed in early July brought an early end to federal EV tax credits, which are worth up to $7,500 for new electric vehicles and up to $4,000 for used ones. The credits end on September 30. Specifically, buyers need to have a binding contract in place by that time the vehicle itself can be delivered later. Anybody who was thinking of getting an EV soon-ish suddenly had a four-figure incentive to get one fast.

The money-losing California-based company breaks ground Tuesday east of Atlanta despite President Donald Trump's successful push to roll back electric vehicle tax credits. Starting Sept. 30, buyers will no longer qualify for savings of up to $7,500 per car. Rivian Chief Policy Officer Alan Hoffman said the company believes it can sell electric vehicles not for environmental or tax incentive reasons, but because they're superior.

The Senate has passed President Trump's Big Beautiful Bill, which includes provisions to end EV tax credits, causing concern among automakers and dealerships.

This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.

The House of Representatives took a significant step toward repealing federal EV tax credits, which could drastically impact EV sales and leases.