Tesla continues to warn consumers of a huge, time-sensitive change coming soon as the end of the EV tax credit is less than two months away.
The EV Tax credit has offered $ 7,500 discount on new EV’s and $ 4,000 discount on used EVs to certain people who qualify because of income. For years, it has been a major incentive for consumers and it has improved further as car companies were able to apply credit to the point of sale that started in 2023.
Tesla is ready with a perfect counter to the end of us EV tax deductions
But with the Trump administration, it always seemed as if the EV tax credit were in danger. Earlier this year, the White House officially announced that it would remove it completely.
On September 30, the tax credit will be abolished. To use it, customers need to take their vehicle on this date. Orders placed before September 30 without delivery before that day will not be able to use credit.
Tesla really pushes this point incredibly hard: The sooner an order comes in, the more likely you are to take delivery of the car by September 30.
If ever there was a time to yolo your car purchase, it is now
– $ 7,500 FED TAX CREDIT ENDING
– To take advantage, eligible buyers must take delivery (not just order) by September 30The sooner you order, the sooner you can pick up it
– Tesla (@tesla) 9 August 2025
The end of the EV tax credit is something that has threatened the mind of electric car manufacturers, consumers and investors.
The $ 7,500 discount to buy a clean energy vehicle really puts many of the cars in a much more affordable price range. Without it, the cheapest Tesla model will be Model 3 Rear Wheels, starting at $ 42,490.
This price comes down to $ 34,990 with the tax credit and brings the monthly payment down around $ 130, depending on how much money is put down.
Despite the change, CEO Elon Musk does not believe it will adversely affect Tesla. In fact, he has been to get rid of the EV tax credit for several years and believe that it will actually work in Tesla’s benefit.
Remove the subsidies. It will only help Tesla.
Also remove subsidies from all industries!
– Elon Musk (@elonmusk) July 16, 2024
In my opinion we should end all state aid including them to EVs, oil and gas
– Elon Musk (@elonmusk) November 14, 2024
Perhaps the most interesting thing that comes out of is how all EV producers will be affected by the loss of credit. Musk believes Tesla will come out as the big winner here, especially as it plans to roll new affordable models sometime this year.