- President Donald Trump’s so-called “big beautiful bill” ends a $7,500 EV tax credit after Sept. 30.
- Consumers are acting quickly to claim the tax credit before it disappears, according to analysts and sales data.
Consumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts.
Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and leased EVs — after Sept. 30.
The Biden-era Inflation Reduction Act had originally offered the tax breaks to consumers through 2032.
“We’re expecting Q3 may be [a] record for EV sales because of the tax incentives going away,” said Stephanie Valdez Streaty, a senior analyst at Cox Automotive.
“People are rushing out” to buy, she said.
https://www.cnbc.com/2025/08/08/ev-sales-trump-tax-credit.html