HOUSTON - If you're in the market for an electric vehicle, you have two days left before federal incentives end. After that, analysts say there could be a slump in the EV car market.

Car buyers have been rushing to cash in on the federal EV tax credit this summer before it expires September 30.

The backstory:

The credit is $7,500 for a new electric vehicle, and $4,000 for used. It was introduced in 2022 under President Biden's Inflation Reduction Act, but is being phased out by President Trump's One Big Beautiful Bill Act.

EV sales reached a record high in August, with new EV sales up nearly 18% over the previous year and used EV sales up 59%, according to Cox Automotive.

Impact on EV sales

Big picture view:

Stephanie Weber, an economics professor at the University of Colorado B

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