EV Tax Credit
The Great EV Rush: Consumers Race Against the Clock as $7,500 Tax Credit Nears End
The electric vehicle (EV) market is currently experiencing a frenzied surge as consumers nationwide rush to purchase eligible vehicles before the federal $7,500 EV tax credit for new EVs and the $4,000 credit for used EVs expire on September 30, 2025. This abrupt termination of incentives, enacted through