Megan McCarty Carino

It cut federal EV tax credits up to $7,500 for new cars and $4,000 for used ones.

Those incentives had been on the books in some form since 2008 and were expanded during the Biden administration.

They expired at the end of September.

Consumers rushed to take advantage before they disappeared, leading to record high sales earlier this year.

But now the market faces an uncertain road ahead.

Marketplace's Henry Epp has been reporting on this all year.

We asked him about the outlook for EV sales now that federal tax credits are gone.

I'm curious, how do car prices compare?

EVs for a long time were much, much more expensive than gas cars.

Without the tax credit, what is the price difference?

Even before the end of the tax credit, it seems like a lot of automakers had been sort of softening on their most aggressive targets for, you know, how many EVs they wanted to sell.

How have car companies been strategizing since the end of tax credits?

And what does the picture look like for global EV sales?

We'll be right back.

You're listening to Marketplace Tech.

I'm Megan McCarty Carino.

We're back with Marketplace's Henry Epp on the new reality for EV sales.

Given everything we've talked about, what's your outlook for the EV market next year in 2026?

Is there anything, I guess, short of revival of the big tax credit that might help revitalize the US EV market in the next few years?

That was Marketplace's Henry Epp.