8. EV Tax Credits Are Ending Sooner Than Expected
2025 Tax Changes: EV buyers face a hard deadline
Tax credits for electric and clean vehicles expire for purchases made after September 30, 2025.
- Up to $7,500 for new clean vehicles
- Up to $4,000 for used clean vehicles
Pros
- Still valuable for early buyers
- Direct dollar-for-dollar tax reduction
Cons
- Strict cutoff date
- Complex eligibility rules
- No relief for late purchases
Clean Vehicle Credit 2025: How to Get $7,500 & Know More Updated By IRS
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