How is the EV tax credit change affecting deals now?

Ask the Hackrs
1

It looks like as of Sep 30, 2025 the EV tax credit will not exist.

Are dealers still offering $6500 back on most new purchases? I’m not entirely sure what I want to buy yet but mostly considering:

  • model 3 or model y
  • toyota rav4 PHEV, but I wanted to wait until the 2026 models came out since the 2025 models and before still have cablegate issues. It’s /possible/ the PHEV version arrives by september but my guess is more likely it’ll land in october+
2

This doesn’t qualify for an ev tax credit on a purchase already, so nothing changes in september on it

3

Yes, the RAV4 PHEV is still getting $6500 lease cash. Once the EV credits disappear, Toyota will need to still do something to move the PHEVs since they are more expensive than the regular hybrids.

4

On a lease, sure, but not a purchase

5

I’m definitely curious to see what happens to EV pricing both new and used once the tax credit disappears. I can’t possibly imagine consumers will keep buying them with a 6.5k price increase. Maybe Teslas for the wealthier that want full FSD.

6

At least they didn’t use the House version of 45w which used the 30d rules.
They just killed both on 9/30. No other changes.

7

I bet you’d be surprised at how many people purchase rav4 phevs over leasing them

8

Those people probably qualified for the EV credit though without any income issue limits

9

Doesn’t matter since the rav4 phev doesn’t qualify for it