EV Federal Tax Credit

Federal EV tax credits for new and used purchases and leases ended September 30, 2025, and we are now left to see how the market will respond. As of October 1, Rivian has updated lease prices for all trims of its R1 EVs – some are now less expensive, while others are more expensive. See how it all breaks down below.

With tariffs driving up EV prices and the $7,500 federal tax credit set to disappear on September 30, automakers are rolling out some of their best lease offers yet. That leaves just two weeks to lock in a deal. Here are September’s top EV lease specials, spotted by our friends at CarsDirect.

Automakers are offering generous deals on electric vehicles, many well over $10,000, as the federal tax credit winds down. The discounts are sparking a selloff as buyers rush to secure the $7,500 EV credit before the deadline at the end of the month.

The clock is running out on some of the best EV lease deals of the year. With the 25% tariff on imported EVs already hitting and the federal tax credit set to vanish after September 30, automakers are dangling some serious end-of-the-month offers. If you’ve been waiting to go electric, now’s the time. CarsDirect spotted three August EV price drops worth a look, but you’ll need to move fast, because these deals won’t last past the holiday weekend.

July EV sales looked strong on the surface, but the looming impact of tariffs and the end of EV tax credits reveal a more complicated picture, according to Cars.com’s new Industry Insights report.

Time’s ticking for snagging a great EV lease deal. With the 25% tariff on imported EVs already in place and the federal tax credit disappearing on September 30, automakers are rolling out serious deals. If you’re thinking about going electric, now’s the moment. Here are some of the best August EV lease deals our friends at CarsDirect found.

Kia’s three-row electric SUV, the EV9, is back for 2026 with smaller up-front rebates, but thanks to the federal EV tax credit, you could still come out ahead.

While the current majority in DC shared intentions to likely kill the existing $7,500 federal EV tax credit, some language in a (very fluid) proposal suggests that not all automakers will be immediately affected. For example, Rivian is an American automaker whose sales are young enough that US consumers might still be able to take advantage of the tax credit, and that could also include the upcoming R2 EVs.

Federal tax credits are starting to waver under the current administration, but as of May 2025, you can still take advantage of up to $4,000 off the purchase of a used EV. If you’d rather not listed to me talk, you can skip right to all the BEVs and PHEVs that currently qualify by clicking here.

As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal tax credit on EVs. Whether your vehicle qualifies or not is a simple yes or no question, but the amount you may qualify for varies by household due to a number of different factors. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place.

If you’re thinking about buying or leasing an EV this month to secure the $7,500 federal tax credit, head to PlugStar.com, because it has everything you need.

California has proposed offering $7,500 state EV tax rebates to residents if Trump kills the federal EV tax credit, Governor Gavin Newsom (D-CA) announced today.

January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits, continuously shifting what used EVs do and do not qualify. Here’s the latest list.

The US Treasury Department released updated guidance on EV charger tax credit eligibility for individuals and businesses – we’re reposting this story because it’s tax season.

After temporarily losing availability for federal tax credits in early January, Cadillac has announced the LYRIQ is once again eligible for the total amount of up to $7,500. Additionally, some previously ineligible LYRIQs will receive a purchase incentive from Cadillac directly.

Two years after pivoting its business strategy toward the development of commercial EVs, Bollinger Motors has earned IRS approval for federal tax credits under the Inflation Reduction Act, offering fleet customers potential tax credits up to 40,000 per vehicle.

The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals.

The Biden administration is expected to announce on Friday what will disqualify EVs from eligibility for the $7,500 subsidy. However, the government is reportedly discussing granting automakers a temporary reprieve from the proposed restrictions on EVs containing battery parts or materials coming from China. 

The IRS released new guidance on the EV tax credit today, and the changes mean that starting next year, low- and middle-income buyers will be able to get the full $7,500 credit even if they don’t have enough tax liability.

Colorado is trailblazing with a new law that ramps up impressive EV state tax credits for both purchases and leases.

VW has become the first non-US automaker that qualifies for the full $7,500 US federal EV tax credit.