EV Sales Surge Ahead of Tax Credit Expiration: What Lies Ahead?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
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Source: SeekingAlpha
Impact of Expiring EV Tax Credit: The federal EV tax credit, which offers up to $7,500 for new electric vehicles, is set to expire on September 30, prompting a surge in U.S. EV sales, with an 18% increase in August and a 59% rise in used EV sales as buyers rush to qualify for the credit.
Consumer Behavior and Market Trends: Nearly half of consumers considering EV purchases are accelerating their buying decisions, leading to a 33% increase in demand for new EVs on Cars.com compared to last year, while high-demand models are selling out quickly, causing dealers to manage limited stock.
Analyst Views on IND
Wall Street analysts forecast IND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IND is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 23.664
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Current: 23.664
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
