The EV tax credit is dead — here’s what happens next
The EV tax credit, a $7,500 federal incentive for electric vehicle purchases, is set to expire on October 1st. This could lead to a significant drop in EV sales and a rise in real-world prices, as the Trump administration continues its opposition to climate change mitigation efforts and support for renewable energy. In August 2025, a record number of new EVs were sold in the US, reaching 146,332 cars, an 18% increase year-over-year. However, the expiration of the tax credit is expected to impact the affordability and accessibility of electric vehicles, potentially slowing the momentum of the EV market. The article suggests that the future of EV adoption and the clean energy transition remains uncertain, as the government's policies continue to shape the landscape for consumers and the industry.
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