MarketWatch | Time is running out to use the EV tax credit. How to shop for an electric car right now without panic buying.

Todd Cassidy, Managing Director in the Investment Banking practice at Portage Point Partners, shared insights with MarketWatch on how electric vehicle (EV) tax credit deadlines are impacting automotive market activity.

MarketWatch notes that with EV tax credits expiring September 30, consumers are rushing to capitalize on incentives worth up to $7,500 for new EVs and $4,000 for used models. July EV sales surged over 20% month-over-month as buyers combine federal tax breaks with record manufacturer discounts.

Commenting on whether consumers can expect EV discounts to go even deeper, Todd says, “I don’t see a situation where it gets substantially better. Carmakers are shifting their focus back to gas-powered vehicles. The One Big Beautiful Bill Act is ending the tax breaks for EV shoppers, but it is starting another one for people who buy US-assembled vehicles.”

Read Todd’s full commentary in the article on MarketWatch.com.