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'YOLO'-buying EVs: As $7,500 tax credit ends, consumers may rush to cash in. Here's how to get a good deal - TL;DR CNBC

'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.


Sentiment: MIXED

Tickers: TSLA

Keywords: legislationdonald trumpelon muskenvironmentpersonal financedonald j. trumptesla incbreaking news: politicspoliticsbusiness newsautos

Source: https://www.cnbc.com/2025/07/10/trump-big-beautiful-bill-ends-7500-ev-tax-credit-time-to-buy-vehicle.html


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