Exploring Tariffs and Other Factors that May Affect Your Finances in 2025 Series

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The EV Reality Check: How Car Market Shifts Affect Your Finances

Plus: Smart Money Moves During Economic Transitions

The electric vehicle revolution isn't unfolding as predicted – and the ripple effects matter for your budget:


What's Happening

  • Dealer lots overflowing with unsold EVs (150+ days supply vs. 70 for gas cars)

  • Used EV prices plummeted 32% in 2023 (Edmunds data)

  • Battery costs rising for first time in decade (up 10% since 2022)


Why This Impacts You

  1. Tax Credit Roulette

    • New IRA rules disqualify popular models (check fueleconomy.gov updates)

    • Leasing loophole remains for foreign-made EVs

  2. Secondhand Opportunities

    • 2021-2022 EVs now selling below $25K

    • Warning: Research battery warranty transfers first

  3. Energy Bill Savings

    • Home charging saves $800+/year vs. gas (DOE estimates)

    • Maximize savings: Pair with solar or time-of-use rates


Recession-Proof Your Finances

  • Build emergency funds with Marcus' high-yield savings (Bonus link)

  • Earn $300 total with SoFi direct deposit (Offer details)

  • Invest spare change via Ally's automated tools (Referral code)


Dig Deeper:

Read more on economic trends: LinkedIn Articles | Blogger | Medium

Support my work: Buy me a Ko-fi!


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