Reported 1 day ago
The urgency to purchase an electric vehicle (EV) is heightened due to the potential elimination of a $7,500 federal tax credit, which President-elect Donald Trump has indicated might be rescinded shortly after he takes office. With record inventories of older EV models at dealerships and declining lease payments by 40%, now may be the ideal time for buyers to secure both the credit and favorable financing options. However, if the tax credit is removed, legacy automakers could cut back on EV production, diminishing competition and potentially affecting future pricing and availability.
Source: YAHOO