Senate Republicans seek to end EV tax credit by September 30
Source: Reuters
June 28, 2025 12:56 AM EDT Updated 1 hour ago
WASHINGTON, June 28 (Reuters) - U.S. Senate Republicans late Friday released a revised tax and budget bill that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30 as well as the $4,000 tax credit for used EVs.
The prior version would have ended the credit for new sales 180 days after the bill was signed into law, 90 days for used vehicles and immediately ended the credit for leased vehicles not assembled in North America and meeting other requirements.
Republicans have taken aim at EVs on a number of fronts, a reversal from former President Joe Biden's policy that encouraged electric vehicles and renewable energy to fight climate change and reduce emissions.
The House of Representatives version would allow the $7,500 new-EV tax credit to continue through the end of 2025, and through the end of 2026 for automakers that have not yet sold 200,000 EVs before killing it. The Senate bill also includes a provision to eliminate fines for failing to meet Corporate Average Fuel Economy rules in a move aimed at making it easier for automakers to build gas-powered vehicles.
Read more: https://www.reuters.com/sustainability/climate-energy/senate-republicans-seek-end-ev-tax-credit-by-september-30-2025-06-28/
They keep forgetting who is still out there, who is the wealthiest man in the world, happens to MAKE EVs, and who, after single-handedly destroying the federal government from within for them, is still pissed at their stance on EVs. But then he now has access to the financial data for every American including those in Congress.
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