ORLANDO, Fla. – If you’ve been on the fence about buying an electric vehicle, you’ve got just days left to close the deal and potentially save thousands of dollars.

The federal government’s clean vehicle tax credit, which has been helping drivers shave up to $7,500 off the cost of a new EV (or up to $4,000 on qualifying used models), is set to expire on Tuesday, Sept. 30.

That means shoppers for electric vehicles (and some plug-ins) have until then to sign a binding purchase agreement and make a payment to lock in their savings. Even if the car won’t be delivered until later, what matters most is getting the paperwork stamped before the deadline.

Under the Inflation Reduction Act, the EV tax credits originally weren’t supposed to end until 2032.

[WATCH: Dollars & Sense: Do you really

See Full Page