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Are EV prices rising?

Asked 21 hours ago

Answer

EV prices are expected to rise as federal tax credits of up to $7,500 for new electric vehicles and $4,000 for used ones are ending after September 30th. Dealers anticipate current inventory will sell out quickly and fewer EVs will be restocked, making it more expensive to purchase an EV after the incentives expire.

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Electric vehicles about to get more expensive

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  • Federal clean vehicle tax credits for EVs will end after September 30th. 6s
  • The credits provided up to $7,500 for new EVs and $4,000 for used EVs. 22s
  • Dealers expect current EV inventory to sell out soon, with fewer restocks expected. 1m 11s
  • EVs cost more than gas-powered cars, but can save drivers money on fuel over time. 1m 32s
  • Consumers must purchase before the program ends to benefit from the tax credits. 2m 9s
PoliticsCars & Motoring

References

Electric vehicles about to get more expensive
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Scripps Local
21 hours ago
Electric vehicles about to get more expensive

It's going to be more expensive to get behind the wheel after September as EV credits are ending.

Electric vehicles about to get more expensive
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Scripps Local
21 hours ago
Electric vehicles about to get more expensive

The new federal budget rescinded the clean vehicle tax credit, ending incentives for new and used EVs seven years ahead of schedule.

Electric vehicles about to get more expensive
Icon
Scripps Local
21 hours ago
Electric vehicles about to get more expensive

Dealers report current EV inventory will likely sell out in the next two months and fewer EVs will be restocked.

EV credits expiring soon: Is now the time to buy?
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Scripps Local
1 day ago
EV credits expiring soon: Is now the time to buy?

Now is the time to buy as EV tax credits expire in two months, making future purchases more expensive.

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