US Edition
Senate Republicans seek to end EV tax credit by September 30
- Senate Republicans seek to end the federal electric vehicle tax credits for new and used vehicles on September 30, 2025, through the One Big Beautiful Bill Act.
- This legislative effort accelerates credit phaseout from the original 180-day post-enactment schedule, reflecting a shift from prior policies under the Inflation Reduction Act.
- Dealers currently hold approximately 140,000 EVs in inventory amid a U.S. EV adoption slowdown and mixed sentiment toward ending these incentives.
- Interim Lucid CEO Marc Winterhoff stated the credit end would hinder new market players, while the Electrification Coalition warned it would "wave the white flag of defeat" to China.
- If passed, this policy change could reduce U.S. EV market growth, challenge startups’ viability, and alter the competitive landscape favoring overseas manufacturers.
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The Best Time to Buy an EV Is Probably Right Now
If you were thinking about buying or leasing an electric vehicle at some point, you should probably get on it like, right now. Because while it is not guaranteed that the House will approve the budget reconciliation bill that cleared the Senate Tuesday, it is highly likely. Assuming the bill as it’s currently written becomes law, EV tax credits will be gone as of October 1.The Senate bill guts the subsidies for consumer purchases of electric veh…
Coverage Details
Total News Sources36
Leaning Left6Leaning Right3Center12Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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