'YOLO'-buying EVs: As $7,500 tax credit ends, consumers may rush to cash in. Here's how to get a good deal
Publishing timestamp: 2025-07-10 15:49:23
Summary
President Trump's bill ends federal EV tax credits after Sept. 30, leading to a rush by consumers to buy or lease electric vehicles before the deadline. Tesla is urging people to purchase EVs now, emphasizing the disappearing tax credits. Analysts predict a summer of EV purchases with automakers and dealers promoting urgency. Financial incentives and discounts may be offered before the deadline. The end of federal EV tax credits is seen as a transition period for the technology. Consumers are advised to start early, stack tax credits, consider used EVs, and opt for upfront tax credits.
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Keywords: legislation, donald trump, elon musk, environment, personal finance, donald j. trump, tesla inc, breaking news: politics, politics, business news, autos,