Urgent: Want an Electric Vehicle? Buy EV before September 2025
- Viktoriya Barsukova, EA, MBA
- Aug 4
- 1 min read
If you’re considering purchasing an electric vehicle for business or personal use, now is the time to act.
On July 4, the president signed the One Big Beautiful Bill Act (OBBBA), which terminates the following three major electric vehicle tax credits effective September 30, 2025:
Section 45W – Commercial Clean Vehicles Credit
Up to $7,500 for light electric vehicles and up to $40,000 for heavy-duty commercial vehicles.
Section 30D – New Clean Vehicle Credit
Up to $7,500 for qualifying new electric vehicles, with specific requirements for domestically sourced battery components and critical minerals.
Section 25E – Previously Owned Clean Vehicle Credit
Up to $4,000, or 30% of the purchase price, for eligible used electric vehicles.
🔷 If you want to claim one of these credits, you must complete your purchase by September 30, 2025. Don’t wait!
Comments