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EV Tax Credit Gone: What Now for Electric Cars?
20 Dec
Summary
- Federal EV tax credit of $7,500 was removed on September 30.
- Toyota leads in hybrid and plug-in hybrid categories for 2025.
- Tesla dominates charging networks, while BMW leads in EV driving experience.
The landscape for electric vehicles (EVs) and their hybrid counterparts has shifted significantly following the removal of the $7,500 federal tax credit on September 30. This change, which previously incentivized automakers, has led to a slowdown in new EV tech development within the US. Despite this, record EV sales occurred in August, just before the credit's expiration.
For 2025, Toyota has emerged as a leader in the Readers' Choice survey, securing the top spot for hybrid electric vehicles (HEVs) and plug-in hybrids (PHEVs). Toyota received high scores for operational costs and reliability. In the all-electric vehicle (EV) category, BMW earned accolades for its superior driving experience, though it was noted for higher costs, while Chevrolet was recognized for its EV range and technology support.
The charging infrastructure also saw clear winners, with Tesla's Supercharger network dominating Level 3 charging for reliability and accessibility. For home charging, Tesla's Wall Connector received high ratings, though ChargePoint was also recognized for its universal compatibility. Apps like PlugShare and Waze continue to be favored by drivers for finding charging stations and planning routes, respectively.
