A $7,500 federal tax credit for new electric vehicles ends Sept. 30, putting pressure on New Yorkers to act fast—and raising concerns about the state’s clean transportation goals, according to the Albany Times Union.
The credit’s removal, passed in a Republican-backed tax bill, may slow EV sales and hurt New York’s push for 850,000 zero-emission vehicles by 2025. Only 3% of vehicles on NY roads are electric now.
State incentives remain, but experts warn the federal rollback could cut EV registrations by 27% and derail emissions targets.
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