Major deals on electric vehicles
CBS America · Just In
CBS America
Just In
The federal tax credit on electric vehicles ends next week. Some dealers are now offering huge deals to sell the cars before the tax credit expires.
Breakdown
- Dealers are offering steep discounts on electric vehicles as federal tax credits are about to expire. 5s
- Some lease rates have dropped to as low as $40 per month to move inventory. 46s
- Electric vehicles currently account for about 7% of new car sales, largely due to incentives. 1m 10s
- Industry experts expect a significant drop in EV sales once the tax credit ends. 1m 22s
- The expiration of the tax credit was set by a tax bill signed by the president, with a clear deadline. 2m 36s