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How Are EVs Doing Without The Federal Tax Credit?

How Are EVs Doing Without The Federal Tax Credit?

The Truth About Cars Feb 27, 2026 72 min
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About this episode

The podcast dives into the impact of the federal EV tax credit expiration on the electric vehicle market, featuring insights from Carl Brower of IC Cars. They explore how EV prices have shifted, noting a price drop for most used EVs except Teslas, which have increased in value. The discussion also covers the reduced availability of used EVs for sale and contrasts these trends with internal combustion vehicles. Additionally, the hosts chat about NASCAR highlights and share practical advice on choosing and using floor jacks, emphasizing safety and quality.

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Technical Too Afraid to Ask
Concept

NASCAR

"We recap NASCAR at Atlanta with TTAC contributor Matthew Guy."

NASCAR is a type of car race in the U.S. where drivers race specially built cars on oval tracks.

Term

floor jacks

"We also discuss floor jacks for our stuff we use segment."

A floor jack is a tool that helps you lift your car up so you can work under it safely.

Term

two-pump jack

""One is it's called a two-pump jack, which means that it is a low profile, so it will be able to get under a lower car like a MX-5 or something is modified, it will be able to get under a bear. And with just two pumps of the jack handle, one, two, it will come up and rise up against the jacking points of most cars.""

A two-pump jack is a tool that helps lift a car up quickly by pumping the handle just twice. This makes it easier to get under the car to work on it.

Car

Mazda MX-5 / Miata

"...even if all you're lifting up right now is a spec miata or, you know, your first car on the launcher or ..."

The Mazda Miata is a small, fun car that’s easy to drive and great for people who want to enjoy driving without spending too much money. Many people use it to learn racing because it’s simple and reliable.

Part

jack stands

"jack is to buy a pair of jack stands. And those are the metal stands that you should put under your car that are not hydraulic, right? They are just metal stands. And in case something does go wrong with the hydraulics, it's only for a matter of the seal within the jack to fail unexpectedly, and that would lower the car on top of you whilst you're working on it. So no, right? Exactly. So you always want to have a couple of jack stands underneath the proper jacking points of your car."

Jack stands are strong metal tools that hold up your car after you lift it with a jack. They keep the car safe and steady so it doesn't fall on you while you work under it.

Car

Dodge Charger

"... story of how you found it. Like this 1973 Dodge Charger on eBay that has been tucked away in an Arizona b..."

The Dodge Charger from 1973 is an old, strong car that many people like because it looks cool and has a big engine. Some are found in dry places like Arizona where they stay in good shape for a long time.

Car

Pontiac Grand Prix SJ

"thousands of cars that go to some eBay from rare finds like the Pontiac Grand Prix SJ to unique builds in your next daily driver"

The Pontiac Grand Prix SJ is a type of car that was a bit faster and fancier than the regular version. It was made by Pontiac, a car company that doesn't make cars anymore.

Term

federal tax credit

"an EV, you know, the expiration of the federal tax credit of I believe it was 7500 bucks at the end of September 2025. So you guys have taken a look to see how the EV market has rebounded to that."

The federal tax credit is money the government gives you back when you buy an electric car, making it cheaper to own. It helps people buy electric cars by lowering the price.

Term

battery electric vehicles

"what you've seen in terms of how EVs and again, we're talking pure EVs here, I believe not just put not plugins or right or hybrid. So walk us through how battery electric vehicles have the market for them has reacted to the loss of this tax credit."

Battery electric vehicles are cars that run only on electricity stored in batteries, so they don't use gas at all. You charge them by plugging them in.

Term

EV incentives

"the price of electric vehicles has gone up by 3.5% since the end of the credit, which is like, wow, how could prices go up after you lost the incentive?"

EV incentives are discounts or money the government gives to people who buy electric cars to make them cheaper and more popular.

Term

used car market

"the price of all the used electric cars that are not Tesla's is down by 3.6%. Used Tesla prices are up by 4.3%. So that is very interesting"

The used car market is where people buy and sell cars that have already been owned by someone else, not brand new cars.

Car

Porsche Taycan

"But they've gone down for everything besides Tesla's and like the Porsche Taycan, which isn't really a price sensitive car. So that one went up too."

The Porsche Taycan is a fast and fancy electric car made by Porsche. It is special because it drives like a sports car but uses electricity instead of gas.

Car

Hyundai Kona

"really all the mainstream EVs that you would think of things like, you know, Kona's"

The Hyundai Kona is a small SUV that you can get as an electric car. It's one of the common electric cars people buy.

Term

internal combustion vehicle

"Now, what's interesting is the average internal combustion vehicle is also down 2%. So generally speaking, the used car market has fallen in the last four or five months, but not Tesla's."

Most cars use engines that burn gas to make the car go. These are called internal combustion vehicles.

Term

EV

"the used car market share, meaning how many of all the used cars that are listed now versus in September, what's the share of EVs down by 20%. So there's also just less EVs out there for sale, probably again, because dealers tried to unload a lot of them before the credits went away, or people who have them are like, I can't get as much as I want now anyway, so I'm just going to keep it."

An EV is a car that runs on electricity instead of gas. It uses batteries to power the motor and doesn't pollute like regular cars.

Concept

supply and demand

"certainly supply demand overall is pushing prices up for non EVs in terms of new cars."

If more people want to buy something than there are items available, the price usually goes up.

Car

Hyundai Ioniq 5

"...the most, 13.8% drop in the price of the Hyundai Ioniq 5, which was $52,000 in September. Now it's 45%. Ne..."

The Hyundai Ioniq 5 is a new electric car that looks cool and can charge its battery quickly. It has lots of smart features and is good for people wanting an electric car.

Car

Chevrolet Equinox

"...000 in September. Now it's 45%. Next is the Chevy Equinox down 8.7%. Average price in September 42, averag..."

The Chevy Equinox is a small SUV that lots of people buy because it’s easy to drive and has enough space for families. It’s often talked about because many are sold and resold.

Car

Jeep Wagoneer

"...n September 42, average price in January 38. Jeep Wagoneer, Ford F-150 Lightning, these are all cars that a..."

The Jeep Wagoneer is a big SUV that can drive off-road but also has nice features inside. It’s good for people who want a strong and comfortable car.

Car

Ford F-150 Lightning

"...ge price in January 38. Jeep Wagoneer, Ford F-150 Lightning, these are all cars that are like higher volume ..."

The Ford F-150 Lightning is a big electric truck that can do all the work a normal truck does but uses electricity instead of gas. It’s popular because it’s strong and new.

Car

Kia Niro

"...f lower cost, relatively lower cost EVs. The Kia Niro EV was $39,000 in September. Now it's $37,000, d..."

The Kia Niro is a small SUV that can use gas or electricity to save fuel. It’s not too expensive and good for people who want a car that’s easy on gas.

Car

Audi Q6

"...t's $70,000. Lucidair, $91,000. Now it's $96,000. Audi Q6 e-tron, $68,000. Now it's $72,000. Mercedes-Benz..."

The Audi Q6 e-tron is a fancy electric SUV that will have lots of new technology and comfort features. It’s one of Audi’s new electric cars.

Car

Mercedes-Benz Mercedesbenz Eqs

"e-tron was $67,000. Now it's $70,000. Lucidair, $91,000. Now it's $96,000. Audi Q6 e-tron, $68,000. Now it's $72,000. Mercedes-Benz EQS was $109,000. Now it's $123,000. So what that says to me again is kind of what you were saying and some people were saying is that, oh, people don't really care"

The Mercedes EQS is a very fancy electric car that is quiet, smooth, and has lots of luxury features. It’s one of the most expensive electric cars from Mercedes.

Car

Toyota Highlander

"... seen in the news, but Toyota just introduced the Highlander, the next Highlander for 27 and it's an electric..."

The Toyota Highlander is a medium-sized SUV that many families like because it’s roomy and lasts a long time. Toyota is now making a new electric version of it.

Car

Toyota Chr

"...ce it. Same thing with the Beazy Woodland and the CHR, which also were just introduced. And I just did..."

The Toyota C-HR is a small SUV that looks different and is easy to drive in the city. It uses less gas than bigger SUVs.

Car

Volkswagen Id Buzz

"...g canceled, like the Lightning and the EV and the ID buzz keep saying those are gone, but others are still..."

The VW ID. Buzz is a new electric van that looks like the old VW bus many people remember. It runs on electricity and is good for families or groups.

Term

range

"Some people find EVs, the range is limiting, the price is too high. Towing is an issue when you talk about EV trucks and SUVs."

Range means how far an electric car can go before it needs to be charged again. Some cars can go farther than others.

Term

towing

"the price is too high. Towing is an issue when you talk about EV trucks and SUVs. Don't forget cold weather."

Towing means pulling something heavy behind your car, like a trailer. Some electric cars can't pull as much as gas cars.

Term

fast chargers

"You're still having a hard time finding working fast chargers"

Fast chargers are special plugs that fill up an electric car's battery much faster than normal chargers, so you don't have to wait as long.

Concept

multi-car fleets

"So I think you generally have people who have multi-car fleets and can lean on an internal combustion vehicle when they need to buy an EV of any price."

This means having more than one car in a family or group. People might have one car for everyday driving and another for special jobs.

Car

Tesla Model S

"... his focus anymore. He killed the Model X and the Model S recently and he's got the three in the Y left. B..."

The Tesla Model S is a fancy electric car that can go a long way on one charge and is very fast. Tesla is now focusing more on other models instead of this one.

Car

Tesla Model X

"...is cars are not his focus anymore. He killed the Model X and the Model S recently and he's got the three i..."

The Tesla Model X is a big electric SUV with special doors that open up like wings. Tesla is now focusing more on other cars instead of this one.

Concept

AI and robotics

"He's putting all of his eggs in the AI and robotics and self-driving basket. He's putting all of his eggs in the AI and robotics and self-driving basket."

AI and robotics mean smart machines and robots that can do jobs by themselves, like driving cars without a person controlling them.

Concept

EV (electric vehicle)

"this goes beyond EV or internal combustion. If the technology hits and up until even six months ago, I was like, this is a five to 10-year thing to have fully autonomous cars all over the place."

An EV is a car that runs on electricity instead of gas, so it doesn't need to be filled up at a gas station.

Car

Tesla Cybertruck

"...models. The styling has been good, except for the Cybertruck, which obviously is divisive. I don't particular..."

The Tesla Cybertruck is a new kind of electric truck that looks very different from normal trucks, which some people like and others don’t. It’s meant to be strong and high-tech.

Brand

Aston Martin

"about loving cars might just be buying them and all the parts from Toyota's to Aston Martin's."

Aston Martin is a fancy car company from Britain that makes fast and stylish sports cars that many people think are very special.

Brand

Toyota Racing Development

""...I didn't realize that Toyota Racing Development announced the long-term commitment to Keelan Harvick...""

Toyota Racing Development is a part of Toyota that makes their race cars faster and better. They also help young drivers get started in racing.

Concept

young talent development in racing

""...Keelan Harvick, who's Kevin Harvick, Jungfeller, who's in 13, 14 years old, right? So I mean, he's just at the start of his career and Toyota's already trying to lock down that young talent for NASCAR...""

Race teams find young drivers who are good at racing and help them get better so they can win races in the future.

Concept

road course

"season. First road course race already. And as regular listeners know, I prefer, I'm not saying that's cars should never go all road course. So that would be, here's a small part of me, I would love to see a stock car series. It is all road course, but that's never going to happen."

A road course is a race track that goes left and right, not just around in a circle. It makes the race more interesting because drivers have to steer a lot and handle different kinds of turns.

Concept

Australian Supercars

"But that's called Australian supercars. Yeah. Yeah. I would love to see an American version of that with cup cars, but it's just not going to happen."

Australian Supercars is a popular car race in Australia where special fast cars race on tracks with lots of turns. It's a big deal there and very exciting to watch.

Concept

Circuit of the Americas

"But yeah, Coda, Circuit of the Americas in Texas this weekend. Gonna probably be another race that Shane van Gisburgen has,"

Circuit of the Americas is a famous race track in Texas where many important car races happen. It has lots of turns and is fun for drivers.

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