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How Tesla Could Benefit From the ‘Big Beautiful Bill’ that Axes EV Subsidies

Summary by TESLARATI
The United States House of Representatives passed President Trump’s “Big Beautiful Bill” by a vote of 215 to 214 on Thursday, effectively bringing an end to many EV subsidy programs, like the $7,500 tax credit, by the end of this year. The bill will not only eliminate the $7,500 credit on new EV purchases, but also the $4,000 credit given on the purchase of used electric vehicles, and a $1,000 credit on the installation of Level 2 chargers. It w…

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Electrek broke the news in on Thursday, May 22, 2025.
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