EV tax credit expires soon as consumers clamor to beat deadline

AI-assisted summary

A federal tax credit for electric vehicles of up to $7,500 is set to expire on Sept. 30.

Car shopping experts report a surge in consumer demand for EVs as the deadline approaches.

Some analysts predict a significant drop in EV sales once the federal incentive is no longer available.

Car shopping experts say consumers are rushing to buy electric vehicles as the clock winds down to just seven days before the federal EV tax credit expires on Sept. 30.

But some warn that once the incentives are gone, EV sales will all but halt.

As part of the mega-tax bill signed into law in July, the expiration date of the federal clean vehicle tax credit was pushed up to Sept. 30 from its original expiration date of 2032. That means the deadline for snagging a tax credit o