<ul data-eligibleForWebStory="false"><li>President Donald Trump signed the Big Beautiful Bill, which ends the $7,500 EV consumer tax credit on September 30, making it a good time to buy an EV before the incentive expires.</li><li>Revised rules for the $7,500 federal tax credit went into effect last year, limiting the number of EVs that qualified for the credit, but some popular models still qualify.</li><li>Consumers can qualify for a $3,750 or $7,500 credit based on vehicle criteria like battery capacity, gross vehicle weight rating, and mineral sourcing, with additional incentives for certain used EV purchases.</li><li>Auto industry analysts suggest that with the EV market becoming more competitive due to incentives, manufacturers may enhance their offerings over time, but for those ready to buy, taking advantage of the current federal incentive is advisable.</li></ul>

Why it's a smart time to buy an EV

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