Overview

• The $7,500 credit for new EVs and $4,000 for used models end on Sept. 30 under the Trump administration’s “Big Beautiful Bill.”
• Marketplace and showroom activity have surged as the cutoff approaches, with Cars.com reporting demand up 33% for new EVs and 22% for used, and some Midwest dealers seeing EVs rise to 25–30% of sales.
• Dealer associations say buyers can preserve eligibility by signing binding purchase contracts before the deadline, even if delivery occurs afterward, provided the paperwork is completed in time.
• Economists and industry analysts warn of a post‑deadline slowdown, including a projected 27% drop in EV sales and fewer product launches, with some manufacturers already slowing or delaying programs such as Ford’s BlueOval City work in Tennessee.
• States are assessing exposure as Tennessee tallies more than $16 billion in EV investment and 191,000 vehicles produced, while California officials say they will not replace the federal credit with a new state rebate.