Reported about 7 hours ago
The expiration of the $7,500 federal tax credit for electric vehicle (EV) buyers on October 1 is expected to lead to a drop in EV sales in the U.S. automaker market, potentially causing prices to rise due to decreased demand. As automakers consider adjusting their pricing strategies, there may be attractive deals and price cuts to maintain consumer interest, though historical trends suggest some manufacturers may lower prices similar to past responses to tax credit changes. Despite this, a significant portion of potential EV buyers remain committed to purchasing despite the end of the tax incentive.
Source: YAHOO