Reported 21 days ago
As the $7,500 U.S. tax credit for electric vehicle purchases nears its end this fall, automakers like Tesla and Ford are pushing for increased EV sales. With the credit set to expire on September 30, 2025, companies are launching incentives and promotions to encourage shoppers to act quickly, fearing a potential drop in demand without the subsidies. Industry experts anticipate a significant surge in EV purchases before the deadline, reminiscent of prior instances when buyers rushed to secure incentives before they disappeared.
Source: YAHOO