Overview

• Federal EV tax credits worth up to $7,500 for new vehicles and $4,000 for used ones are set to end on September 30 under the One Big Beautiful Bill Act.
• The IRS now says a written binding contract plus a payment made by September 30 constitutes acquisition, allowing the credit to be claimed upon later delivery.
• The agency requires dealers to issue a time-of-sale report when buyers take possession or within three days, and it did not set a post-deadline delivery cutoff.
• Reports show Tesla’s new Model Y inventory is thinning in multiple U.S. markets, including zero available within 200 miles of Austin on Sunday, with Tesla’s site indicating limited stock.
• Tesla sales operations chief Raj Jegannathan said the company may raise U.S. Model Y prices in the coming days as it seeks to expedite output, while automakers and dealers roll out aggressive offers to secure orders before the cutoff.