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The EV tax credit expires today — and time’s running out to save money on these other green upgrades. Here’s what to do.

1. EV tax credits expiring soon could impact car sales significantly. 2. Homeowners face end-of-year deadline for solar and energy efficiency credits. 3. Tax breaks are substantial but require strict compliance with IRS rules. 4. New vehicle credit targeted at specific income thresholds. 5. Risks for homeowners and buyers if requirements are not met.

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FAQ

Why Bullish?

The expiring tax credits may lead to a spike in EV sales, benefiting SPY as it largely comprises companies in sectors tied to consumer spending.

How important is it?

The potential surge in EV sales could uplift the stock market and SPY’s value, given its extensive holdings in automotive and tech sectors.

Why Short Term?

The immediate deadlines could encourage quick purchases, boosting stock prices temporarily as investors react to higher sales.

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