EV Incentives Are Disappearing This Fall Under New Law
On July 3, 2025, the U.S. House officially passed President Donald Trump’s signature legislation, known as the “Big Beautiful Bill.” Among its many sweeping changes is the rollback of federal tax credits for electric vehicles and clean energy technologies. The bill is now headed to Trump’s desk for signing, which is expected to happen quickly. This move marks a major turning point for the EV market in the United States, and companies like Rivian may feel the pressure almost immediately.…