EV market hits reset as US tax credits run out

EV market hits reset as US tax credits run out

The US electric vehicle (EV) market is approaching a key inflection point. On September 30, federal tax credits under the Inflation Reduction Act (IRA) — up to US$7,500 for new EVs and US$4,000 for used — are set to expire. While the change is unlikely to trigger a sharp collapse in demand, analysts say it will mark a shift toward a more fundamentals-driven market.

Source link

Visited 1 times, 1 visit(s) today

Leave a Reply

Your email address will not be published. Required fields are marked *