The EV tax credit is dead — here’s what happens next
For EVs, it's Zero Hour. When the clock strikes midnight on Oct. 1, the $7,500 federal tax credit on EVs will expire, potentially turning affordable electric carriages into showroom pumpkins.
Sales of electric cars are certain to dip. Real-world prices will rise. The only question is how much, and for how long, as President Donald Trump and his administration continue to go scorched-earth over climate change and kneecap support for electric cars and renewable energy.
With one eye on the clock, consumers bought more new EVs in August 2025 than in any other month in US history: Sales reached 146,332 cars, up nearly 18 percent year over year, ...