The One Big, Beautiful Bill Act was passed by the Senate. If the House passes the bill during reconciliation, American car buyers could lose out on major EV incentive.

No tax on auto loans? No more EV credits? No more CAFE rules? It’s all complicated, and we’ve got it all broken down.

Now that the federal EV tax credit will end in the U.S. this September, automakers like Honda and Nissan are changing their EV plans and investments.

Cadillac had its best first half of the year in nearly 20 years, and retail sales were up 19% through the first six months of 2025.

President Trump recently signed The One Big Beautiful Bill into law and it spells the end of the clean vehicle credit. The incentive is set to expire on September 30, 2025 instead of the originally planned date of December 31, 2032.

Republicans' "big, beautiful bill" reinstated lower royalty rates for energy production, requires regular oil lease sales and phases out electric vehicle and clean energy tax credits

If the "One, Big, Beautiful Bill" is passed, the new EV tax credit and used electric vehicle tax credit ($4,000) could be completely phased out in the future.

The legislation cuts off federal tax credits for electric vehicles and residential solar by the end of the year.