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EV sales surged 17.7% in August as drivers raced to buy before a popular tax credit expired — how to still snag a deal
Yahoo Finance·2025-10-01 11:00

For anyone who’s planning on buying an electric vehicle in the near future, we’ve got some good news and some bad news to share. Let’s start with the bad news: the federal EV tax credit — which offered 7,500tothosewhopurchasedanewEVand7,500 to those who purchased a new EV and 4,000 to those who purchased a used model — expired on September 30, 2025. These tax credits were originally set to expire by the end of 2032, but President Trump’s One Big Beautiful Bill dramatically shortened that timeline [1]. Must Read This subsequently led ...