Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on Oct. 1, leaving automakers and car buyers wondering where prices will go.

The tax credit, which was passed in 2022 as part of the Biden administration's legislative push to support EVs and green energy, is going away as part of President Donald Trump's broad spending and tax bill that passed in July. The move came after U.S. EV sales in 2024 rose 7% to 1.6 million , according to the Bureau of Transportation Statistics (BTS).

The end of the tax credit means demand for EVs is expected to fall, which means prices in real terms will rise — a concept not lost on the many consumers who rushed to buy EVs in August and September. But that surge is likely to r

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