Limited Time: Stack Biden & Trump EV Tax Credits | JQJO

Buyers of new electric vehicles have until September 30th to combine tax credits from the Biden and Trump administrations. Biden's Inflation Reduction Act offers up to a $7,500 credit for new EVs, while Trump's 'Big Beautiful Bill' provides up to a $10,000 credit on auto loan interest for US-assembled vehicles purchased between 2025 and 2028. Combining these credits could significantly reduce the cost of an EV, although used EVs offer cost savings as well. Income limits apply to both credits, and eligibility requirements should be reviewed carefully.