This post has two parts, 1) What is your prediction about how the end of the federal EV tax credits will affect the US EV car market, and 2) my personal discussion of my EV journey and how it will affect me. Many may not be interested in my story, so feel free to skip down to the last 2 paragraphs
My introduction to EVs came in 2017. My third kid was getting his license, and my daughter was away with her Prius, and two cars for 4 drivers was tough. I didn’t want to spend much, and I feared unreliable used cars. Then I found a white 2014 Nissan Leaf SL that was in perfect condition for $9,000! Loved it from first drive! My EV journey was on. My journey was different from most though. It was defined not by environmental concerns, but by affordability.
I had always bought my cars outright, but federal and state tax credits made lease deals incredible. The new EVs I leased had sticker prices between $30-45k, and yet I paid super low lease prices on a Honda Clarity, Hyundai Ioniq, and finally a 2024 Toyota bz4x for $205/mo for 36 months with nothing down! With the death of the federal tax credit, I believe I won’t be buying any new cars for a looong time.
About 70% of non-Tesla EV sales were leases in 2025. I think the lack of the tax credit will cause a big drop in EV leases. I think it will take a year for sales to return to 2024 levels.
What do you think? How do you see the end of the tax credits affecting EV sales in both the short and long term?
My introduction to EVs came in 2017. My third kid was getting his license, and my daughter was away with her Prius, and two cars for 4 drivers was tough. I didn’t want to spend much, and I feared unreliable used cars. Then I found a white 2014 Nissan Leaf SL that was in perfect condition for $9,000! Loved it from first drive! My EV journey was on. My journey was different from most though. It was defined not by environmental concerns, but by affordability.
I had always bought my cars outright, but federal and state tax credits made lease deals incredible. The new EVs I leased had sticker prices between $30-45k, and yet I paid super low lease prices on a Honda Clarity, Hyundai Ioniq, and finally a 2024 Toyota bz4x for $205/mo for 36 months with nothing down! With the death of the federal tax credit, I believe I won’t be buying any new cars for a looong time.
About 70% of non-Tesla EV sales were leases in 2025. I think the lack of the tax credit will cause a big drop in EV leases. I think it will take a year for sales to return to 2024 levels.
What do you think? How do you see the end of the tax credits affecting EV sales in both the short and long term?
. The used Tesla market is great for buyers right now. I'm not sure which way it's going to go. With the tax credits gone, I think the prices of used EVs will go up. The Tesla market is unique though because of the anti-Tesla sentiment, so not sure.
