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Shopping for an electric vehicle? How long until that $7,500 tax credit expires?

The federal government will stop paying a $7,500 incentive for new electric vehicles and a $4,000 credit for used ones on Sept. 30.

The Tesla showroom in West Bloomfield, Michigan, sells the full lineup, including Model 3, Model Y, Model S, Model X and Cybertruck. (Henry Payne/The Detroit News/TNS)
The Tesla showroom in West Bloomfield, Michigan, sells the full lineup, including Model 3, Model Y, Model S, Model X and Cybertruck. (Henry Payne/The Detroit News/TNS)
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The federal government will soon stop paying a $7,500 incentive for new EVs.

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