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EV Tax Credits Expire as Fed Considers Rate Cuts Amid Job Market Weakness
EV Tax Credits Expire as Fed Considers Rate Cuts Amid Job Market Weakness
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BTCCSquare news:
The U.S. Federal Reserve faces mounting pressure to cut interest rates as labor market data signals economic softening. Meanwhile, two critical electric vehicle tax credits—$7,500 for new EVs and $4,000 for used models—expire September 30th, with tariffs poised to raise EV prices by ~$4,275 thereafter.
Prospective buyers must finalize purchases with written contracts and payments by month-end to claim 2025 tax benefits. J.D. Power analysts warn the combined effect of expiring incentives and new tariffs will significantly dampen EV affordability.
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