EV, Trump and Big Beautiful Bill
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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.
Republicans' "big, beautiful bill" reinstated lower royalty rates for energy production, requires regular oil lease sales and phases out electric vehicle and clean energy tax credits
Now that the federal EV tax credit will end in the U.S. this September, automakers like Honda and Nissan are changing their EV plans and investments.
Cadillac had its best first half of the year in nearly 20 years, and retail sales were up 19% through the first six months of 2025.
The legislation cuts off federal tax credits for electric vehicles and residential solar by the end of the year.
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.