The Download: RIP EV tax credits, and OpenAI’s new valuation

October 2, 2025
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. EV tax credits are dead in the US. Now what? Federal EV tax credits in the US officially came to an end yesterday. Those credits, expanded and extended in the 2022 Inflation Reduction…

EV tax credits are dead in the US. Now what?

October 2, 2025
On Wednesday, federal EV tax credits in the US officially came to an end. Those credits, expanded and extended in the 2022 Inflation Reduction Act, gave drivers up to $7,500 in credits toward the purchase of a new electric vehicle. They’ve been a major force in cutting the up-front costs of EVs, pushing more people…