Florida among states to be impacted by expiration of EV tax credit: Report

As the expiration date for the federal electric vehicle tax credit approaches, several states will feel the burden, including Florida.

The EV tax credit, which encourages the purchase of electric vehicles by making them more affordable, will end on Sept. 30.

Originally, the tax credit was supposed to expire in 2032.

According to LendingTree , in tax year 2023, Americans filed 487,990 returns claiming the new electric vehicle tax credit, which totaled $3.3 billion, and filed 28,180 returns for the pre-owned EV credit totaling $95.6 million.

Based on their data, LendingTree says that the state that will be the most impacted by the loss of the tax credit will be California, which leads in total claims and national share, with 157,360.

Florida, while having a much lower amount of claims