The $7,500 federal tax credit for electric vehicles might soon disappear under the incoming Trump administration, pressuring buyers to act quickly to secure it.
Ivan Drury of Edmunds emphasized that the credit's elimination could be swift and possibly retroactive, making it essential for potential buyers to purchase now.
The current market shows 64% of EVs in dealerships are last year's models, indicating a significant surplus that could benefit buyers with favorable financing options.
With slowing demand for electric vehicles and abundant inventory, now may be the ideal time to buy an EV, especially with great financing deals available.
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