President Trump's "One Big Beautiful Bill" eliminates the $7,500 federal tax credit for new electric vehicles and the $4,000 credit for used EVs, effective September 30, 2025. This also ends tax credits for solar installations and other clean energy initiatives. The bill dismantles regulatory frameworks encouraging EV production, including revoking EPA waivers for stricter state emissions rules. Consumers considering EV purchases should act before the deadline; automakers face reduced incentives for EV production.

Prepared by Christopher Adams and reviewed by editorial team.