Time to Celebrate the End of the Electric Car Tax Breaks

Celebrate the end of the EV tax breaks and explore the implications for the automotive…

pjmedia.com

By Eric Florack

I see Forbes is saying this morning:

The $7,500 EV tax credit was one of many casualties resulting from the One Big Beautiful Bill Act. While this bill was signed into law on July 4, the credit did not expire for several months, according to Forbes. However, as of October 1, these credits are no longer available, leading to questions about the future of this segment of the automotive industry. Most notably, the tax incidence for purchasing these vehicles shifts from the Federal government to the purchasers or the car manufacturers.