Overview

• The federal subsidy worth up to $7,500 expired on Sept. 30 under President Trump's spending bill.
• GM, Ford and Hyundai are extending discounts on select electric models, with Hyundai cutting the 2026 Ioniq 5 by as much as $9,800.
• Kelley Blue Book’s Brian Moody advises waiting a week or two for fresh incentives such as low-payment leases or low-rate financing.
• Analysts note used EVs can be strong values given rapid depreciation, and many carry battery warranties around eight years or 100,000 miles.
• Ford CEO Jim Farley cautions U.S. EV sales could drop toward 5%, compared with 8.7% of new registrations in 2024, according to Experian.