tax credits Archives - TPR: The Public's Radio

A selection of Kia EV6 electric sedans are displayed at a dealership in Manchester, N.H., in July. The EV6 is eligible for a federal tax credit worth up to $7,500 for buyers under a certain income cap. And like all electric vehicles, it's eligible for a $7,500 tax credit on a lease. But the tax credits are expiring on Sept. 30th.

NPR

EV sales surge in the U.S. ahead of Sept. 30 tax credit deadline

by Camila Domonoske September 30, 2025September 30, 2025

A $7,500 tax credit is available for the lease or purchase of many electric vehicles — but only if contracts are inked by midnight on Sept. 30. The result: The market for EVs is a little distorted.

An electric vehicle sits parked at a Tesla charging station in Sausalito, Calif., in June. The tax and spending package under consideration in the Senate could eliminate federal tax credits for buying and purchasing an EV at the end of September — even sooner than a House version of the same bill.

NPR

Senate considers ditching the EV tax credit even earlier than planned

by Camila Domonoske June 30, 2025June 30, 2025

As the Senate debates the giant tax and spending bill, lawmakers are weighing a Sept. 30 end date for the EV tax credits. The bill still needs to pass the Senate and then go through reconciliation.

Jeep Wrangler 4Xe plug-in hybrids displayed on the sales lot at Hilltop Chrysler Jeep Dodge Ram in Richmond, California.

NPR

EV buyers who missed out on their tax credits now have a fix from the IRS

by Camila Domonoske March 26, 2025March 26, 2025

Some car owners couldn’t claim the EV tax credit for vehicles purchased in 2024 because dealers skipped a key sales reporting step. The IRS is now offering a fix.

Environment, Possibly Podcast

What happened to the Inflation Reduction Act?

by Juliana Merullo, Nat Hardy and Megan Hall January 14, 2025January 13, 2025

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In the summer of 2022 President Biden signed the Inflation Reduction Act into law. The law was the US’s largest investment in climate and clean energy ever. But what’s happened since then? Who has actually been implementing the bill?

NPR

The federal EV tax credit has an uncertain fate. What car shoppers should know

by Camila Domonoske December 16, 2024December 16, 2024

Currently, drivers can get a tax credit worth up to $7,500 for buying or leasing an EV. But the incoming administration promised to roll back those credits, which they consider wasteful spending.