The EV tax credit ends soon — but there’s a little bit of wiggle room for car buyers

['Camila Domonoske', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TPR: The Public's Radio 2025-08-22 19:12:24

Meanwhile, there’s also a used vehicle credit worth up to $4,000 for EVs at least two years old that are sold for less than $25,000. Analysts expect a near-term bump in EV sales, as buyers and dealers race to get ahead of the deadline, followed by a drop in sales. Auto data giant Cox Automotive reports that new EV sales were up almost 20% year-over-year in July, and used EV sales were up 40%. Jessica Caldwell, the head of insights at the auto data company Edmunds, says the loss of the tax credit is “pretty daunting” for automakers, as they also navigate shifting tariffs and high interest rates. She says searches for EVs on Edmunds.com haven’t increased as much as she expected as the tax credit deadline approaches.