KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
The clock is ticking for EV buyers in the U.S.
If you've been thinking about buying or leasing an electric vehicle (EV), now’s the time to act. The US$7,500 federal tax credit—a major incentive that’s been driving EV adoption—is set to expire on Sept 30, 2025. And automakers are making sure you know it.
Tesla’s homepage is already flashing a banner warning:
“US$7,500 Federal Tax Credit Ending. Take Delivery by Sept 30, 2025.”
Ford is dangling extra perks too—extending its free home charger + installation offer until the end of September to lure buyers in before the credits disappear.
Why This Matters
Since 2008, the federal tax credit has been a critical lever for growing the EV market. But with the latest tax and budget legislation rolling in, both the US$7,500 new EV and US$4,000 used EV credits will vanish by Q4.
Industry insiders expect a pre-deadline buying frenzy, followed by a potential cooldown in demand.
General Motors CEO Mary Barra already said it last year:
“The US$7,500 tax credit is driving demand; without that, that'll slow.”
A study by UC Berkeley, Duke, and Stanford predicts EV registrations could drop 27% once the credits are gone.
Germany experienced a similar scenario in 2023—sales nosedived after subsidies ended.
What Automakers Are Doing
Rivian might roll out new incentives or financing offers post-credit.
Ford slashed Mustang Mach-E prices when it lost partial credit early this year.
GM stepped in with US$7,500 cash incentives when their models lost eligibility.
You can expect more creative deals to come if the expected sales dip becomes real.
Why Buyers Shouldn’t Wait
EVs are still pricier than gas cars (average EV price in May: US$58,000 vs US$48,000), and charging infrastructure still lags. The tax credit helps offset these challenges.
Barclays analysts believe Q3 will be a huge sales quarter, followed by sharp declines.
“Consumers believe there is a deadline to reach now.” – Sam Fiorani, AutoForecast Solutions
If you’re sitting on the fence, this quarter might be your best shot to save big before prices bounce back.
Final Thought
With Trump’s administration targeting EV incentives, the days of government-backed EV deals may be numbered.
Whether you're an investor watching how automakers handle the transition, or a buyer waiting for the “right time” to switch to electric — the signal is loud and clear:
👉 Q3 2025 is the last lap for major EV savings.
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