The clock is ticking for electric vehicle buyers in America. As part of a massive tax and spending overhaul passed by Congress on July 3, 2025 – also known as the “Big, Beautiful Bill” – the long-standing federal tax credits for EVs will officially be terminated on September 30, 2025. That gives EV buyers just two more months to take advantage of up to $7,500 for qualified new EVs such as the Chevrolet Equinox EV (or $4,000 for used models) – savings that, for many, make EV ownership remotely attainable.
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