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submitted 2 months ago by [email protected] to c/[email protected]

The tax credit in the USA would end December 31st, 2025. Here’s what that means.

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law goes into effect as written.

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[-] [email protected] 1 points 1 month ago

I think repealing the credit may not raise the price very much. If the government is offering a credit, wouldn't sellers simply raise their price to absorb the credit while the buyer thinks they're getting a deal? Without the credit, sellers may be motivated to reduce the price while still making money on the sale.

I saw this in action when I purchased a used EV recently. My choice, which didn't qualify for the credit, was interestingly cheaper than comparable cars that did. Seemed about one tax credit cheaper for some reason. Could be a coincidence.

this post was submitted on 23 May 2025
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