DETROIT – Analysts say sales on EVs have been strong as some buyers push to get ahead of the loss of federal tax credits. The “Big Beautiful Bill” signed by President Donald Trump will end the $7,500 tax credit for new EVs and $4,000 for used EVs, as well as credits for business and individual EV charger installations, on Sept. 30.

Between that and automakers moving out EV inventory in July, Cox Automotive’s data showed discounts soared and the average transaction prices on EVs plummeted compared with the year-ago period. The result: Sales of EVs experienced a boost.

It indicates that you might get a good deal on an EV — if you act fast.

“The urgency created by the administration’s decision to sunset government-backed, IRA-era EV incentives was expected to create serious demand for EVs

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