You Can Still Get a Tax Break for Buying an EV in These 13 States

Money.comTuesday, October 7, 2025 at 4:32:36 PM
You Can Still Get a Tax Break for Buying an EV in These 13 States
Even though the federal tax credit for electric vehicles has ended, many states are stepping up to offer their own financial incentives for buyers. This is great news for anyone looking to invest in an electric vehicle, as it helps make the transition to greener transportation more affordable. With these state-level incentives, consumers can still benefit from significant savings while contributing to a more sustainable future.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Factbox-How Tesla’s cheaper models compare with other electric vehicles
NeutralFinancial Markets
Tesla's latest models, including the Model 3 and Model Y, are being compared to other electric vehicles in the market. This analysis highlights how Tesla's pricing strategy positions it against competitors, making electric vehicles more accessible to a broader audience. Understanding these comparisons is crucial as the EV market continues to grow, influencing consumer choices and shaping the future of sustainable transportation.
Reactions to Tesla’s launch of cheaper Model Y and Model 3
PositiveFinancial Markets
Tesla's recent launch of more affordable Model Y and Model 3 vehicles has generated positive reactions from consumers and industry experts alike. This move not only makes electric vehicles more accessible to a broader audience but also reinforces Tesla's position as a leader in the automotive industry. The introduction of these models is significant as it could accelerate the shift towards sustainable transportation, encouraging more people to consider electric options.
Tesla offers more affordable Model Y starting at $39,990
PositiveFinancial Markets
Tesla has announced a more affordable version of its popular Model Y, starting at $39,990. This move is significant as it makes electric vehicles more accessible to a broader audience, potentially increasing adoption rates and contributing to a more sustainable future. By lowering the price point, Tesla aims to attract new customers while maintaining its position as a leader in the automotive industry.
Northern Lights Forecast: These States Could See Aurora Borealis Tuesday After Geomagnetic Storm
PositiveFinancial Markets
Exciting news for skywatchers! A minor geomagnetic storm is set to enhance the visibility of the Northern Lights, with several states likely to experience this stunning natural phenomenon on Tuesday. This event not only offers a breathtaking display but also highlights the dynamic interactions between the Earth and solar activity, reminding us of the beauty and power of our planet's atmosphere.
Will Supreme Court Overturn LGBTQ Conversion Therapy Bans? What To Know As Justices Hear Case Today.
NeutralFinancial Markets
The Supreme Court is hearing a significant case that questions whether states have the authority to ban LGBTQ conversion therapy, which could impact the way counselors communicate with their clients. This case is crucial as it addresses the balance between protecting individuals from harmful practices and upholding free speech rights. The outcome could set a precedent for how similar issues are handled in the future, making it a pivotal moment for LGBTQ rights and mental health advocacy.
EV maker Lucid’s quarterly deliveries rise but fall short of expectations
NegativeFinancial Markets
Lucid Motors has reported a rise in quarterly deliveries, but the numbers fell short of market expectations, raising concerns about the company's growth trajectory. This is significant as it highlights the challenges faced by electric vehicle manufacturers in meeting demand and investor confidence, especially in a competitive automotive landscape.
52-year-old discount chain closing locations in multiple states
NegativeFinancial Markets
A 52-year-old discount chain is closing multiple locations across various states, which raises concerns about its future in a competitive market. This decision comes at a time when its closest rival is expanding by opening new stores, highlighting a significant shift in the retail landscape. The closures not only affect employees and customers but also signal potential challenges for the brand as it struggles to keep pace with competitors.
German Carmakers Get EV Tax Boost Before Summit With Merz
PositiveFinancial Markets
Germany's ruling coalition has announced an extension of tax exemptions for new electric vehicles, a move aimed at bolstering the country's automotive industry as it shifts towards more sustainable technologies. This decision is significant as it not only supports major car manufacturers but also aligns with global efforts to combat climate change, making electric vehicles more accessible to consumers.
Latest from Financial Markets
Basic Materials Roundup: Market Talk
NeutralFinancial Markets
In the latest Market Talks, insights on Northern Star Resources and Capricorn Metals are highlighted, providing investors with valuable information about the basic materials sector. This roundup is important as it helps stakeholders stay informed about market trends and company performances, which can influence investment decisions.
EU proposes halving steel import quota and doubling out-of-quota tariffs to 50%
PositiveFinancial Markets
The European Commission's recent proposal to cut steel import quotas by 47% and double out-of-quota tariffs to 50% is a significant move aimed at protecting the continent's steel industry. This decision reflects a response to the challenges posed by global oversupply and the protectionist policies initiated by Donald Trump. As the EU seeks to bolster its struggling sector, this policy could help stabilize the market and ensure fair competition. Meanwhile, Trump's meeting with Canada's Prime Minister Stephen Carney indicates ongoing efforts to negotiate trade agreements, highlighting the dynamic nature of international trade relations.
Dizzying deal delirium: How the AI bubble bursts
NeutralFinancial Markets
At the recent Yale Chief Executive Leadership Institute CEO Summit, over 150 top CEOs shared their concerns about the current state of the AI industry, drawing parallels to past market bubbles. Their insights highlight the importance of cautious optimism in navigating the rapidly evolving landscape of artificial intelligence, reminding us that while innovation is crucial, it must be approached with a sense of responsibility and foresight.
Tesla Plans to Unveil Cheaper Model Y
PositiveFinancial Markets
Tesla is set to unveil a more affordable version of the Model Y, a move that reflects its commitment to making electric vehicles accessible to a broader audience. This comes after the loss of US incentives for EVs, highlighting the company's strategy to adapt to market changes and maintain its competitive edge. The introduction of a cheaper Model Y could attract new customers and boost sales, reinforcing Tesla's position in the rapidly evolving automotive landscape.
Meet Sanae Takaichi, the Populist Poised to Break Japan’s Glass Ceiling
NeutralFinancial Markets
Sanae Takaichi is emerging as a significant figure in Japanese politics, potentially becoming the country's first female prime minister. Her leadership could bring substantial changes to Japan's economy, but not everyone is on board with her populist approach. This situation is crucial as it reflects the ongoing discussions about gender roles in leadership and the future direction of Japan's political landscape.
Carly E. Howard appointed to CEA Industries board, joins key committees
PositiveFinancial Markets
Carly E. Howard has been appointed to the board of CEA Industries, a significant move that highlights her expertise and leadership in the industry. Joining key committees, she is set to influence important decisions and drive the company's strategic direction. This appointment is not just a personal achievement for Howard but also a positive signal for CEA Industries as it seeks to strengthen its governance and enhance its operational effectiveness.