Overview

• Federal action in the “Big Beautiful Bill” terminates the $7,500 new-vehicle and $4,000 used-vehicle credits on Sept. 30, reversing Biden-era incentives.
• Dealerships such as Camino Real Chevrolet are increasing EV inventory and gearing up marketing campaigns in anticipation of a late-season buying surge.
• Consumers like Michael Buday in Orange County are timing purchases to secure credits within the remaining 50 days, reflecting price uncertainty and deadline pressure.
• Tesla has fired off targeted emails urging customers to “order soon” to claim the $7,500 credit and CEO Elon Musk warned the lapse could bring “a few rough quarters.”
• Analysts caution that without the federal incentives, EV sales growth—already plateauing in markets where one in four new cars is electric—could stall sharply.