The One Big Beautiful Bill (OBBB) cuts US government support for electric vehicles, including the elimination of the $7,500 tax credit, which is set to expire on September 30. This change creates uncertainty for an auto industry already facing challenges, despite nearly one in four vehicle shoppers still being likely to consider buying an EV. Some vehicles will remain eligible for the credit until the deadline, with specific eligibility criteria based on income and vehicle specifications.
The legislation, signed by the president last weekend, cuts all sorts of US government support for emission-light vehicles, creating uncertainty for an American auto industry struggling to stay afloat.
The new bill nixed the electric vehicle tax credit of up to $7,500, bringing to an end years of federal support for EVs, set to expire on September 30.
Before the end of September, some new electric and plug-in hybrids will still be eligible for the $7,500 tax credit, and used EVs also get a $4,000 credit.
Buyers can't make above $300,000 a year if they're married and filing jointly, above $225,000 if they're head of household.
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