September 30 is the deadline to get EV discounts. In fact, you will be able to stack up both the $7,000 Biden rebate and Trump loan-interest deduction if you get an EV by that last call, potentially leading to a $10,000 saving. So, act now if you want an EV. The great American EV fire sale is about to begin Trump’s ‘Big Beautiful Bill’ offers car tax credits to add to Biden’s
Had to read the article to understand how the BBB can 'add' to the soon to end EV tax credit. Trump’s new law offers an annual tax credit of up to a $10,000 on the interest of loans for new vehicles as long as they're less than 14,000 pounds and assembled in the United States. It covers purchases made in 2025 through 2028. OK, it's a tax credit on the loan interest. Too bad, I bought my Equinox EV this year but with 0% financing from GM. No additional credit for me from the new administration. Sigh But, I am going to add the home battery storage to our solar panels before the end of year to take advantage of 30% tax credit while it last.
