The quest for budget cuts could endanger the $7,500 federal electric vehicle tax credit, but it's still available.

“Congress has to stop repeating history — we know that keeping wind and solar credits in this bill will drain taxpayers, offshore American jobs, and prevent American energy dominance,” said Rep.Josh Brecheen, R-Okla. “President Trump has been clear: it’s time to end the Green New Scam.”

A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.

The legislation, which is likely to be changed by the Senate if it passes the House, would also repeal auto pollution and fuel economy standards.

Despite the whirlwind of headlines about auto tariffs, EV mandates, and even the potential loss of EV tax credits, Americans are still very much interested in EVs. Including those not named Tesla.

Lastly, there’s the commercial clean-vehicle credit—45W—which became law through the 2022 Inflation Reduction Act (IRA) and was designed to hand $7,500 per vehicle to businesses that buy EVs for their fleets. Through a wrinkle known as the “leasing loophole,” this sleepy-sounding policy has kicked off an epic EV-leasing boom .

Republicans in the U.S. House of Representatives on Monday proposed killing the electric vehicle tax credit and repealing fuel efficiency rules designed to prod automakers into building more zero-emission vehicles as part of a broad-based tax reform bill.

If you’re shopping for or researching an electric vehicle in 2025, you’ve probably heard that significant changes in the federal tax credit of up to $7,500 for EVs and plug-in hybrids took ...

The federal electric vehicle tax credit generally provides up to $7,500 for qualified new vehicles and up to $4,000 for qualified used vehicles. The credit's future could be in jeopardy because of ...