Electric Cars and Plug-In Hybrids That Qualified for Federal Tax Credits
The federal EV tax credit of up to $7,500 on electric cars and plug-in hybrids expired on Sept. 30, 2025.. The changes are due to a budget reconciliation bill, also known as the One Big Beautiful Bill Act. The new and used EV tax credits were set to expire by the end of 2032, but the bill shortened the timeline.. Buyers can still claim the tax credit on eligible vehicles as long as they entered into a binding contract to purchase it and...