US EV Tax Credit Loophole — Make Sure You Complete The Loop - CleanTechnica

The article discusses a recent development regarding the US federal $7,500 tax credit for electric vehicles (EVs). Although the official end of the tax credit was announced, a loophole allowed buyers who placed a binding written contract and made an initial payment for an EV before October 1 to still qualify for the credit, even if the vehicle was delivered later. However, new confirmation indicates that to claim the credit, delivery of the vehicle must occur by December 31, 2025. This update affects buyers, particularly Tesla customers who ordered vehicles like the Model Y Performance before the cutoff but may not receive delivery until after the deadline. The article highlights that some automakers, such as Ford and GM, have responded to the IRS guidance by purchasing EVs themselves and leasing them to customers at a discount to help buyers benefit from the credit. Despite this, the closure of the tax credit portal by the end of the year means that pending Tesla buyers must complete their purchases and take delivery by December 31