
Electric vehicle sales skyrocket as industry braces for impact of Trump’s tax credit change. Biden’s Inflation Reduction Act EV credit was intended to last until 2032 but Trump’s ‘big ugly bill’ is bringing it to a close years earlier. Car buyers are rushing out to buy EVs as the clock ticks down.
Source: mafco
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I can confirm. I recently purchased a new EV. All of the dealers I visited said that there is currently a ‘frenzy’ of EV buying, both new and used.
It would be ironic if Trump’s crusade to stop EV’s ended up backfiring and actually increased sales. All of these people getting new EVS will be telling their friends and family members how awesome they are compared to ICE vehicles.