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Senate Republicans seek to end EV tax credit by September 30
UNITED STATES, JUN 28 – Senate Republicans seek to end $7,500 new and $4,000 used EV tax credits by Sept. 30, 2025, reversing Biden-era incentives and risking a 6% drop in EV market share by 2030, analysts say.
- Senate Republicans seek to end the federal electric vehicle tax credits for new and used vehicles on September 30, 2025, through the One Big Beautiful Bill Act.
- This legislative effort accelerates credit phaseout from the original 180-day post-enactment schedule, reflecting a shift from prior policies under the Inflation Reduction Act.
- Dealers currently hold approximately 140,000 EVs in inventory amid a U.S. EV adoption slowdown and mixed sentiment toward ending these incentives.
- Interim Lucid CEO Marc Winterhoff stated the credit end would hinder new market players, while the Electrification Coalition warned it would "wave the white flag of defeat" to China.
- If passed, this policy change could reduce U.S. EV market growth, challenge startups’ viability, and alter the competitive landscape favoring overseas manufacturers.
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Total News Sources36
Leaning Left7Leaning Right3Center12Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 32%
C 54%
14%
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