Electric Car News Electric Car Tax Credits Explained, Plus The Latest List Of Evs That Qualify

The EV tax credit died and took new car affordability with it

New cars are outrageously expensive. This fall, several estimates put the “average” new car costs at a record-high $50,000, which is understandably out of the reach of many American buyers. And one ... Read More

Electric Cars and Plug-In Hybrids That Qualified for Federal Tax Credits

Here's what you need to know if you purchased an EV or a PHEV in 2025, or plan to lease one Thanks to a strategy by General Motors, the Chevrolet Equinox EV still qualifies for a federal tax credit. Read More

Despite the end of federal electric vehicle tax credits, interest in EVs growing in Iowa

According to data from the Iowa Department of Transportation, nearly all of Iowa's 99 counties saw an increase in electric vehicle registrations over the last 18 months — mirroring a similar trend ... Read More

Starting Today, Electric Vehicle Buyers No Longer Get a Federal Tax Credit

Yesterday was the last day to get a tax credit for buying an electric vehicle (E.V.), and motorists were apparently buying them like crazy before the credit expired. The expiration is bad news if you ... Read More

Elon Musk’s Tesla hikes lease prices on all electric cars as US tax credit expires

Tesla has raised lease prices for all its vehicles in the US after a $7,500 federal tax credit that helped boost electric vehicle sales expired, according to the company’s website on Wednesday. The ... Read More

Electric vehicle sales hit record ahead of tax credit's end

Americans bought 438,500 electric cars and trucks in the third quarter, as drivers raced to grab federal incentives before they expired Sept. 30. Those transactions, the highest number in a single ... Read More

Absence of EV tax credits affects auto sales

The loss of federal electric vehicle tax credits at the end of September resulted in flat sales of new vehicles in October, the Greater Cleveland Automobile Dealers’ Association reported this week. Read More

The Best Electric Car Deals Prove You Don’t Actually Need That Federal Tax Credit

Automakers slash EV prices up to $9,000 after federal credit disappears. Automakers offer aggressive EV discounts after loss of the $7,500 federal tax credit. Deals include major price cuts, zero ... Read More

No EV Tax Credit? No Problem! Hyundai Drops 2026 Ioniq 5 Prices By Up to $9,800

The Hyundai Ioniq 5 sees an average price drop of $9,147 across its lineup for the 2026 model year. Pricing for the SEL trim plummets $9,800. 2025 models in dealer inventory are eligible for ... Read More

Ford and GM extend $7,500 EV tax credit for leases into fourth quarter

The move allows certain electric vehicles to qualify for the tax incentive beyond the Sept. 30 expiration. Ford and GM spokespeople confirmed the programs to the Detroit Free Press, part of the USA ... Read More

Experts Predicted An EV Sales Collapse. It's Already Started

Jim Farley was right. Last month, Ford's CEO predicted that market share of electric cars would be cut in half once the federal tax credit for clean vehicles met its untimely demise on September 30. Read More

Colorado announces state electric vehicle tax rebate as federal tax credits expire

Colorado will offer a new state electric vehicle rebate as federal tax credits for electric vehicles are expiring under the new federal tax and spending plan. Beginning Nov. 3, the Vehicle Exchange ... Read More