There is a lot of speculation as to what will happen now that the EV Tax Credits end on Sept 30, 2025.
Many believe sales will drop significantly and some believe there will be a dip. One thing for is there will be a drop.
How much is anyone’s guess.
Auto companies have seen a spike in EV sales, especially in the past few weeks. In California and Texas as the leading states with sales of EV’s.
There are numerous new EV’s coming to market in the near future with prices being very competitive, we imagine that this could make up for the difference of the EV Tax Credit eliminated by the Trump Administration Big Beautiful Bill of 2025.
We know that Tesla has a new model in the works.
Slate the auto company backed by Jeff Bezos, as well.
New models from Mazda, Nissan, all aim to be very price competitive.
As well as some outliers that are working on new vehicles like the Aptera.
Kia and Hyundai are certain to be working and retooling for lower priced vehicles.
One thing for certain that is buying an EV is not recommended due to some very costly failures that can occur, with the Nissan Leaf the OBC on board charger failure can run around $2,000 to repair. The PCS power conversion system on a Tesla Modem can run around $3,000. This are significant failures that EV’s have and these are not to mention battery issues and that you have to have the ability to charge the vehicle otherwise it’s not very useful and frustrating.
I think we will see a dip in sales after the 30th, and a lot of people who purchased EV’s who are now going to realize that what they bought is not what they imagined and will be trying to offload these vehicles for less than what they paid and well below any tax credits included.