EV Tax Credit Likely to End Dec. 31, Effectively Increasing Prices Up to 28%. See How Popular EVs are Impacted. - FuelArc News
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The “One Big Beautiful Bill Act” has passed the House of Representatives, despite having a name that feels like I dreamt it up for a comedy skit. Assuming the bill passes through Senate unmodified, that means big changes for EV and PHEV buyers in the USA. Among other things, this congressional budget bill marks the […]

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.

It’s hard to imagine any way this doesn’t throw a huge wrench into the adoption of sustainable car technology for the USA.

Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.

  • ceenote@lemmy.worldEnglish
    271·
    20 hours ago

    I’m not big on the “we have to beat China” rhetoric, but it’s like republican politicians wake up every morning and ask themselves “What can I do today to further Chinese dominance in the next century?”