President Trump's Big Beautiful Bill has passed the Senate with provisions to eliminate EV tax credits, jeopardizing the future of the electric vehicle industry. The revised bill now stipulates that the EV tax credit will end on September 30, rather than the initial 180-day timeline. This decision has created significant backlash from dealerships and automakers who rely on these incentives for consumer purchases and infrastructure development, prompting calls for reconsideration of the bill's impact on the industry.
The Senate has passed President Trump's Big Beautiful Bill, which includes provisions to end EV tax credits, causing concern among automakers and dealerships.
The bill originally planned to end EV tax credits 180 days after passing but has now been revised to terminate the program on September 30.
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