Laura, a 44-year-old residing in Charlotte, North Carolina, has been interested in purchasing a plug-in hybrid for several years due to their environmental advantages and fuel cost savings. She was on the verge of making a purchase thanks to the $7,500 EV credit that made the vehicles more affordable, she noted. Laura, who chose not to disclose her last name, is now in a hurry to buy a 2025 Chrysler Pacifica Hybrid by the end of the year due to the potential disappearance of the credit. Waiting until 2025 is too much of a risk given Trump’s opposition to the EV credit, she expressed. Local car dealers have informed Laura that she qualifies for the full $7,500 credit, which may have some limitations depending on the car model and the buyer’s income. However, dealers in her area currently have limited vehicle inventory, she mentioned, and have indicated that this is due to consumers rushing to buy EVs in case the tax break is eliminated. Dealers are optimistic that they will receive more inventory in the coming weeks, she stated. Laura emphasized that she would not proceed with the purchase if the tax credit is not in effect by the end of December 2024. She is concerned that Trump and Republicans in Congress may attempt to retroactively revoke the $7,500 tax credit for any consumers who acquire an EV in 2025 or beyond. The irony is that their “complete disdain for the tax credit” has prompted her to expedite her EV acquisition, she added. Wickett said that a law would most likely phase out the federal EV credit in 2026 or 2027, rather than abruptly cutting it off for all 2025 purchases. He mentioned that nobody can be certain, but he believes that the Republicans will likely push through a significant tax bill.