What to Know About Buying Electric Vehicles After Federal Tax Incentives End

Reported about 19 hours ago

The recent legislation passed by Congress ends federal tax incentives for electric vehicles (EVs) effective September 30. While buyers may miss the $7,500 credit for new and $4,000 for used EVs, experts argue there are still financial benefits to owning an EV, such as lower long-term fuel and maintenance costs. EVs are shown to save drivers significantly over their lifetime, making them a more economical and environmentally friendly choice despite the initial higher purchase price.

Source: YAHOO

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