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Home » What you need to know about the expiring EV tax credit  

What you need to know about the expiring EV tax credit  

IRS: Binding contract, down payment needed by Sept. 30

Truth HeadlambyTruth Headlam
August 25, 2025
in Best Practices, Risk Management
Reading Time: 5 mins read
0
Lucid EV deliveries up 38.2% in Q2, Rivian down 22.7%

(Courtesy/Canva)

 The IRS has made it clear that lenders and dealers must ensure customers sign contracts and make a down payment toward purchasing EVs by Sept. 30 to take advantage of the federal EV tax credit before it expires.  Acquisition of an EV by Sept. 30 must include a written, binding contract and a nominal down […]

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