Car buyers are rushing out to buy electric vehicles as the clock ticks down on a tax credit program allowing them to save thousands on new and used cars.
The federal EV (electric vehicle) tax credit is ending on September 30. The program, which allows EV buyers to claim a tax credit of up to $7,500 on a new vehicle and up to $4,000 on a used vehicle, was originally slated to last until 2032, but President Donald Trump’s "One Big Beautiful Bill Act" is bringing it to a close years earlier.
