• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Thursday, July 31, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Electric Vehicles

Electric rush: American car buyers race to beat end of $7,500 EV tax credit

Michael Olabode Williams by Michael Olabode Williams
July 10, 2025
in Electric Vehicles, Premium
0
Electric rush: American car buyers race to beat end of $7,500 EV tax credit
873
SHARES
9.3k
VIEWS
Share on FacebookShare on Twitter

American car buyers are in a race against time as automakers urge customers to purchase electric vehicles (EVs) before a generous $7,500 federal tax credit ends on 30 September 2025.

Tesla has already sounded the alarm, with a banner on its homepage urging buyers to “Take Delivery by September 30.” Ford followed suit, extending its offer for free home chargers and installation, hoping to lure undecided customers into action. The incentives come as part of a final push before sweeping legislative changes remove one of the most effective EV adoption tools in the U.S.

READ ALSO

Nissan spends $1.9m to build UK’s first electric truck charging depot

UK auto industry falls 11.9% in toughest year since 1953

The credit—originally introduced in 2008 and expanded under the Inflation Reduction Act of 2022—will disappear alongside the $4,000 used-EV subsidy. Industry analysts warn this could sharply reduce electric car demand, at a time when sales are already cooling. In fact, research from top U.S. universities suggests EV registrations could fall by 27% without the incentive.

Industry faces uncertain road without federal support

The rollback marks a turning point for the U.S. EV market, which has been buoyed in recent years by federal subsidies. Automakers are already bracing for the fallout.

General Motors CEO Mary Barra warned, “The $7,500 tax credit is driving demand; without that, it’ll slow.” Her concerns mirror those of industry analysts and dealers who expect a significant drop in sales starting in October, especially as EV prices remain out of reach for many.

On average, a new EV in the U.S. costs around $58,000 in May, roughly $10,000 more than a standard new vehicle, according to Cox Automotive. While brands like Rivian are exploring financing offers and added perks to cushion the impact, many fear a replay of what happened in Germany, where EV sales plunged after subsidies ended in 2023.

Consumers react to policy shift as automakers scramble

Buyers appear to be responding. At Northwood Chevrolet and Hyundai in California, sales manager Dmitry Agapitov is already seeing a surge in inquiries. “We’re anticipating it to play a factor,” he said, referencing past bumps before similar deadlines.

Barclays analysts predict a “significant EV pre-buy” in Q3, followed by steep declines. Ford and GM are no strangers to this playbook. After Ford’s Mustang Mach-E lost a partial tax credit in 2024, the company slashed prices to maintain momentum. GM, too, offered $7,500 discounts on affected models.

As policy winds shift—largely influenced by President Donald Trump’s administration, which began planning to eliminate EV credits in late 2024—consumers see urgency. “If there’s anyone who hasn’t bought yet, they’re likely to be encouraged to buy in the third quarter,” said Sam Fiorani of AutoForecast Solutions.

Read more on Everything we know about tariffs, loans, and the vanishing dream of car ownership in U.S.A.

Tags: electric vehiclesFordHeadlineTesla

Related Posts

Nissan spends $1.9m to build UK’s first electric truck charging depot
Business

Nissan spends $1.9m to build UK’s first electric truck charging depot

July 29, 2025
UK auto industry falls 11.9% in toughest year since 1953
Business

UK auto industry falls 11.9% in toughest year since 1953

July 29, 2025
Kia’s EV3 could be the game-changing electric SUV Americans have been waiting for
Electric Vehicles

Kia’s EV3 could be the game-changing electric SUV Americans have been waiting for

July 24, 2025
Tesla unveils affordable EV prototype amid sales slump, missed earnings
Electric Vehicles

Tesla unveils affordable EV prototype amid sales slump, missed earnings

July 24, 2025
Chinese carmakers Zeekr, Neta faked number of cars sold using insurance trick
Cars/SUVs

Chinese carmakers Zeekr, Neta faked number of cars sold using insurance trick

July 22, 2025
BYD, Chinese EV
Electric Vehicles

This is why BYD’s $4.6bn Hungary EV plant is falling behind

July 22, 2025
Next Post
Lucid Motors

Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Uber UK

New minimum wage: Uber, Lyft’s exit leaves 10,000 workers jobless in Minneapolis

March 23, 2024
Used cars market in South Africa

Buyer beware: Top signs your used car may have been repainted

January 25, 2025
F1 (Formula 1) race track in South Africa

South Africa’s return to Formula 1 hits political, financial roadblocks

July 5, 2025
electric vehicle (EV) assembly plant

Nigeria courts China for electric vehicle manufacturing investments

February 23, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Stellantis vows to win back U.S. buyers after $1.7bn tariff blow
  • Nissan spends $1.9m to build UK’s first electric truck charging depot
  • UK auto industry falls 11.9% in toughest year since 1953
  • Brazil urges U.S. to drop 50% tariffs on food, Embraer aircraft

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In