EV sales surge in the U.S. ahead of Sept. 30 tax credit deadline
toggle caption Charles Krupa/AP
The Republican tax and spending package that passed in early July brought an early end to federal EV tax credits, which are worth up to $7,500 for new electric vehicles and up to $4,000 for used ones. The credits end on September 30. Specifically, buyers need to have a binding contract in place by that time — the vehicle itself can be delivered later.
Anybody who was thinking of getting an EV soon-ish suddenly had a four-figure incentive to get one fast.
Spon
Continue Reading on NPR
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.