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Act Now on Electric Vehicle Tax Credits

Act Now on Electric Vehicle Tax Credits

If you’re thinking about purchasing an electric vehicle for your business, or personally, time is running low.

The One Big Beautiful Bill Act (OBBBA) signed in July terminates three cornerstone EV tax credits after September 30, 2025:

Section 45W – Up to $40,000 credit for commercial EVs

Section 30D – Up to $7,500 for new EVs

Section 25E – Up to $4,000 for used EVs

If an EV is part of your 2025 business plan, act before the credits vanish.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.