U.S. EV Price To Jump as Federal Tax Credit Reaches Expiration

In a discussion on the U.S. EV market, David Callaway and Douglas McIntyre, Editors-in-Chief at Climate Crisis 24/7, break down the impact of the potential elimination of the $7,500 federal EV tax credit. McIntyre points out that the credit significantly influenced buyer behavior, while Callaway notes that even his Ford Mustang Mach-E didn’t qualify due to Chinese parts. They anticipate a brief bump in EV sales before the credit expires, followed by a steep decline later in the year.