Southern R1S
Well-Known Member
Not yet, but there was / is a good amount of speculation new admin / Congress will eliminate the EV credit for TY 2025 and beyond (in which case they could choose to eliminate the credits all the way back to January 1, 2025, even if you took delivery before the change was made).Tax credits are still available now. Were they reduced in 2025?
Not sure if there's a clawback provision for the point-of-sale credit or not (I'm sure there's something in there since there are still eligibility requirements though I've never looked into it myself), but in theory congress can change tax rules for the entire year (Jan. 1 through Dec. 31) as long as they act by December 31, so you could see some people wanting to lock in the known 2024 rules / credit vs. taking delivery in January 2025 and then waiting the rest of the year hoping that nothing changes between delivery & EOY that would cost them the tax credit.
Congress can technically make changes retroactive even to prior years, but that's extremely uncommon & subject to specific review standards by the courts (if you're a nerd and want to read more, this is a decent article on how these changes can work in theory).
Sponsored
Last edited: