Trump, EV and Tax Credit
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President Trump signed into law the budget reconciliation bill H.R.1. (the Bill), formerly known as or nicknamed the “One Big Beautiful Bill Act”. Among other substantial changes to the tax code, the Bill significantly reduces tax incentives for clean energy practices,
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MotorTrend on MSNHow the One Big Beautiful Bill Will Affect Car Buying and OwnershipNo tax on auto loans? No more EV credits? No more CAFE rules? It’s all complicated, and we’ve got it all broken down.
The One Big, Beautiful Bill Act was passed by the Senate. If the House passes the bill during reconciliation, American car buyers could lose out on major EV incentive.
The “One Big Beautiful Bill Act” represents a sweeping overhaul of U.S. energy policy, aimed at reshaping the federal
President Trump recently signed The One Big Beautiful Bill into law and it spells the end of the clean vehicle credit. The incentive is set to expire on September 30, 2025 instead of the originally planned date of December 31, 2032.
The bill includes stronger restrictions on Medicaid, which provides health care coverage to over 70 million low-income and disabled Americans, including 1.72 million Coloradans.
President Trump’s “One Big Beautiful Bill” just wiped out key clean energy subsidies. If you want that $7,500 EV discount, act fast.
President Donald Trump has promised that the “big, beautiful bill” passed by Congress will be one of the most successful pieces of legislation in American history. Of course, the ultimate beauty of this sweeping legislation is very much in the eye of the beholder.