A speed bump for electric cars
Update: 2025-11-04
Description
At the end of September, the $7,500 federal tax credit for purchases of new electric cars and the $3,000 credit for used electric cars were discontinued, as a result of the so-called One Big Beautiful Bill Act that has undone multiple clean energy policies. Because of this, forecasts for EV sales over the next several years have been cut in half compared to what they were a year ago.
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