Your Money Minute Buy That EV Soon 7/18/25
Jul 18, 2025
The looming expiration of the $7,500 tax credit for electric vehicles creates a sense of urgency for buyers. As the September 30th deadline approaches, many are scrambling to secure their EVs before the financial incentive disappears. The podcast also touches upon the growing trend of leasing electric vehicles, offering listeners insights into how to navigate this changing landscape.
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Buy EVs Before Tax Credit Ends
- If you're planning to buy a new electric vehicle, act soon before the $7,500 tax credit expires at the end of September.
- Expect competition from other buyers trying to pre-buy EVs ahead of the deadline.
Leasing Drives EV Demand
- The EV tax credit expiration was widely anticipated following election results.
- Leasing EVs is popular partly because it bypasses many credit restrictions, boosting demand.