this post was submitted on 23 May 2025
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EV Tax Credit Ending Dec. 31, Effectively Increasing Prices Up to 28% in USA. See How Popular EVs are Impacted. (fuelarc.com)
submitted 1 day ago by KayLeadfoot@fedia.io to c/technology@lemmy.world
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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 passes the Senate and goes into effect as written.

It's hard to imagine any way this doesn't throw a huge wrench into the adoption of sustainable car technology for the USA.

Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.

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[–] carlossurf@lemmy.ca 3 points 1 day ago (1 children)

Let me guess this wont affect tesla

[–] KayLeadfoot@fedia.io 4 points 1 day ago (1 children)

That's the rub, this legislation punches Tesla right in the nuts.

[–] girthero@lemmy.world 3 points 1 day ago

They wanted this when they were the top EV maker to impact their competition, but now I wonder if thats still the case