Senate considers ditching the EV tax credit even earlier than planned [View all]
Source: NPR
The Senate's version of the giant tax and spending bill might eliminate tax credits for electric vehicle purchases even sooner than the House version.
The House bill called for those tax credits to end in late 2025 for some carmakers, and 2026 for others.
The draft that the Senate released over the weekend sets a single termination date: Sept. 30th, three months from now.
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In an interesting development, the nation's auto dealers — who, during the Biden administration, were vocally skeptical of electric vehicles — have been lobbying to keep the EV tax credits in place for longer. The National Automobile Dealers Association has urged Congress to include what they call "a reasonable transition period."
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Read more: https://www.npr.org/2025/06/30/nx-s1-5451701/ev-tax-credit-megabill-senate
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