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A whiplash year for electric vehicles
2025 brought some new speed bumps for electric vehicle sales, namely the Republicans' One Big Beautiful Bill Act. It cut federal EV tax credits — up to $7,500 for new cars and $4,000 for used ones. Those incentives had been on the books in some form since 2008 and were expanded during the Biden administration. They expired at the end of September.
Consumers rushed to take advantage before they disappeared, leading to record high sales earlier this year. But now the market faces an uncertain road ahead.
Marketplace's Meghan McCarty Carino spoke with her colleague Henry Epp about the outlook for EV sales in the U.S. now that federal tax credits are gone.
Published on 1 day, 18 hours ago