From Recurrent.

Recurrent CEO Scott Case meets with Brian Kramer, EVP at Cars Commerce, to talk about how EV prices will change after tax credits expire in the United States.

The federal EV tax credits will end as of September 30, 2025. This includes credits for new EVs, used EVs, and EV leases.

Many states have existing programs to support EV adoption. A smaller group, including California, Washington, and Colorado, have programs specifically for used EV purchases. Other states, like New York and New Jersey, have funding available for low income populations.

In 2024, California Governor Gavin Newsom announced plans to offer state tax credits to offset the loss of federal incentives, aiming to maintain momentum in EV sales and environmental goals.