As noticed by Investor’s Business Daily, the IRS states the new and previously-owned “credit will not be allowed for any vehicle acquired after September 30, 2025.” While that was expected, the meaning of “acquired” takes on a lot of significance.

The IRS is providing some relief to last-minute car buyers in the U.S. who hope to claim the federal electric vehicle tax credit, allowing customers who sign a binding contract and make a payment before Sept.

The Big Beautiful Bill kills the tax credit on Sept. 30, but you no longer have to take ownership of a new EV by that date. Here's what you need to know and a list of eligible vehicles.