Buy an EV now or later? The tax credit rules are about to change

  • The 2023 Bolt EUV starts at $28,195, including dealer freight charges. The Bolt doesn’t qualify for the current subsidy after General Motors Co. hit its EV credit cap in 2019. (Chevrolet/TNS)

DETROIT — Consumers who can find an electric vehicle or plug-in hybrid that qualifies for the $7,500 tax credit now may want to snap it up before the end of the year, experts say, while others wanting to purchase EVs that aren’t eligible might be better off waiting until 2023.