IRS makes it a little easier to get the EV tax credit before it ends : NPR

The clock is ticking on the federal EV tax credit for electric vehicle purchases, worth up to $7,500. The One Big Beautiful Bill Act eliminated the credit, which expires Sept. 30.

But this week the IRS clarified that the deadline has a little bit of flexibility. Specifically, as long as a shopper enters a binding contract to buy a vehicle before Sept. 30, the purchase can qualify for the tax credit — even if the car isn't actually delivered until later.

A payment before the deadline is also required. "A payment includes a nominal downpayment or a vehicle trade-in," the IRS notes . The tax credit won't actually be granted until the buyer takes possession of the car, but as long as the binding contract was in place before the deadline, it won't matter that the transfer happened a