No More $7,500 For Electric Cars! Trump’s Tax Plan Strikes Back
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No more $7,500 tax credit for electric cars! Trump’s tax plan, the Big Beautiful Bill changes everything. And new EV fees will offset road taxes, plus so much more in the new tax bill.
House Republicans have introduced a bold piece of legislation that could significantly reshape America’s automotive future—and not a moment too soon. Tucked inside their sweeping tax overhaul known as the Big Beautiful Bill, they’re proposing to eliminate the electric vehicle (EV) tax credits entirely by 2026. If passed, it would spell the end of up to $7,500 in federal subsidies per EV and would shut the door on an increasingly controversial and costly pillar of the Biden administration’s transportation policy.
Let’s be clear: this isn’t about disliking innovation or electric vehicles. Some people love them. Americans love tech and efficiency. But many are waking up to the realization that we’ve been here before—back in 2009—with the infamous “Cash for Clunkers” program. That federal boondoggle was touted as a win-win: stimulate the economy, clean up the roads, and help Americans afford new, fuel-efficient cars. Instead, it destroyed perfectly good vehicles, reduced the used car supply, inflated car prices, and ultimately did little for emissions.
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