How the Big Beautiful Bill Could Reshape America’s EV Future
Federal Incentives Face the Axe

The Trump administration’s move to eliminate federal electric vehicle (EV) tax credits is set to slow down the adoption of EVs in the U.S., but forecasts show it won’t completely stall progress thanks to growing consumer interest and a wide range of new models.
Lower-Income Buyers Hit Hardest

The disappearance of federal incentives is likely to have the biggest impact on lower-income Americans. Although state-level rebates and dealer discounts may soften the blow, many buyers who once relied on the $7,500 federal credit will find it harder to afford an EV.
More Choices and Cheaper Models Soften the Blow

Despite federal support waning, the EV market now offers more models at lower prices. The number of electric vehicles available in the U.S.
has doubled, and more budget-friendly options are on the market than ever before, making EVs accessible for a wider audience.
Carmakers and Dealers Step In

Automakers and dealerships are responding to the loss of federal credits by rolling out their own attractive discounts. For some models, these deals rival or exceed the government’s previous rebates, helping keep prices competitive for American consumers.
U.S. Slips Behind in the Global Race

Without federal incentives, U.S. adoption of electric vehicles is projected to fall behind the global average.
Forecasts indicate that America could drop out of the top three EV markets, with a lower percentage of new car sales being electric compared to leading countries.
Policy Shifts Favor Gasoline Cars

The Trump administration’s approach doesn’t stop at tax credits. The White House is also halting federal support for charging infrastructure, loosening emissions standards, and blocking state-level efforts to curb gasoline car sales, further dampening EV momentum.
Americans Remain EV-Curious

Even as policy headwinds mount, surveys show that nearly 60% of Americans are still interested in buying an EV. Concerns about price and ownership costs have actually declined, suggesting that the demand for electric vehicles has staying power.
The Global EV Boom Rolls On

While the U.S. market may slow, global EV adoption is accelerating, especially in China.
Battery prices continue to drop and affordable models flood the market, ensuring that electric cars remain a growing presence on roads worldwide.
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