We're Building A Better Tri-State Together
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Federal EV tax credit ending Sept. 30

Stacy Milheiser (right) is judging the new electric vehicles (EV) on display from local dealerships at the third annual EVs 4 EVVeryone in Evansville, Saturday, Sept. 28. This event is part of the national Drive Electric Week. She's assisted by engineer John Heichelbech (left) and Hoosier Electric Vehicle Association Past President Richard Steiner.
File Photo
/
WNIN News
Stacy Milheiser (right) is judging the new electric vehicles (EV) on display from local dealerships at the third annual EVs 4 EVVeryone in Evansville, Saturday, Sept. 28 2024. She's assisted by engineer John Heichelbech (left) and Hoosier Electric Vehicle Association Past President Richard Steiner. Federal credits for EV purchases end Sept. 30.

Nearly one-dozen federal tax credits are ending this year — they were designed to increase home efficiency, make alternative energy investments more affordable; the first to go is the EV tax credit for electric and hybrid vehicles

This change was part of the President Donald Trump Administration's "Big Beautiful Bill."

The Electric Vehicle (EV) tax credit began January 1 2023. For eligible purchases, the credit was up to $7,500 for a new EV, and $4,000 for a used EV.

This included all-electric plug-in hybrid and fuel cell electric vehicles.

Evansville Climate Collaborative Director Lauren Lynch said such a tax credit is important for a city like Evansville with historically poor air quality.

“Transportation is the second largest sector that contributes to that air pollution,” she said. “So if we can tackle air emissions from our transportation, that is good movement in the right direction towards improving our air quality. Electric vehicles can really help with that problem.”

Evansville’s electric car show and car cruise, EVs for EVV (an acronym for ‘electric vehicles for Evansville/Vanderburgh’) debuted in 2022, and has grown ever since. The 2025 event is October 4.

Lynch said while the EV credit is ending soon, residential credits are in effect all this year.

“… and that can be from putting in a heat pump, water heater or HVAC system, to sealing and insulating your home, to putting on solar, all of those things are still open and available to residents.”

Learn more about the EV credits here

Support independent journalism today. You rely on WNIN to stay informed, and we depend on you to make our work possible. Give to grow our local reporting todayDonate