EV Tax Credit Likely to End Dec. 31, Effectively Increasing Prices Up to 28%. See How Popular EVs are Impacted. - FuelArc News
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The “One Big Beautiful Bill Act” has passed the House of Representatives, despite having a name that feels like I dreamt it up for a comedy skit. Assuming the bill passes through Senate unmodified, that means big changes for EV and PHEV buyers in the USA. Among other things, this congressional budget bill marks the […]

The tax credit in the USA would end December 31st, 2025. Here’s what that means.

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law goes into effect as written.

    • Dogyote@slrpnk.net
      1·
      7日前

      I think I’m seeing more and more EVs in my city as time goes on. EVs get a special plate so it’s easy to see. Demand is increasing. We use Ford Lightnings at work, and guys in other trades seem envious. Another example, the mustang EV outsold the gas powered this year. I think that trend will continue.

      • KayLeadfoot@fedia.ioOP
        2·
        7日前

        Nice! Color me jealous, I drive an ICE truck, I test-drove a Lightning, it was very nice.

        Rn, I think it’s something like 8% of new vehicle registrations per year are EVs. It’s about double that in Europe, and triple that in China (14% and 25%, I think).

        So, growing, but if it grows much slower, we’ll be at the back of the pack, and I think being in the lead on this will keep our auto industry competitive for global exports, which are a big chunk of our export economy.