President Donald Trump‘s ‘Big Beautiful Bill’ recently passed by the Republicans in Congress, could present significant hurdles for Tesla Inc. (NASDAQ:TSLA), potentially stunting the expansion of electric vehicles and renewable energy in the U.S.
What Happened: The bill, approved on Thursday, abolishes the $7,500 EV Tax Credit, which was a part of former President Joe Biden‘s Inflation Reduction Act, by the end of 2025 for automakers who have sold over 200,000 electric vehicles in the US. This could trigger a demand spike for Tesla vehicles towards the end of 2025, but a significant drop is anticipated in 2026, reported Electrek.
The bill also imposes an annual fee of $250 for electric vehicles by the Federal Highway Administration and $100 for hybrids, ostensibly to fund road repairs. This could raise the annual cost of ownership for Tesla owners, potentially deterring some customers.
The legislation also terminates most clean energy incentives, including the Investment Tax Credit (ITC) for solar and energy …
Full story available on Benzinga.com
President Donald Trump‘s ‘Big Beautiful Bill’ recently passed by the Republicans in Congress, could present significant hurdles for Tesla Inc. (NASDAQ:TSLA), potentially stunting the expansion of electric vehicles and renewable energy in the U.S.
What Happened: The bill, approved on Thursday, abolishes the $7,500 EV Tax Credit, which was a part of former President Joe Biden‘s Inflation Reduction Act, by the end of 2025 for automakers who have sold over 200,000 electric vehicles in the US. This could trigger a demand spike for Tesla vehicles towards the end of 2025, but a significant drop is anticipated in 2026, reported Electrek.
The bill also imposes an annual fee of $250 for electric vehicles by the Federal Highway Administration and $100 for hybrids, ostensibly to fund road repairs. This could raise the annual cost of ownership for Tesla owners, potentially deterring some customers.
The legislation also terminates most clean energy incentives, including the Investment Tax Credit (ITC) for solar and energy …
Full story available on Benzinga.com
President Donald Trump‘s ‘Big Beautiful Bill’ recently passed by the Republicans in Congress, could present significant hurdles for Tesla Inc. (NASDAQ:TSLA), potentially stunting the expansion of electric vehicles and renewable energy in the U.S.
What Happened: The bill, approved on Thursday, abolishes the $7,500 EV Tax Credit, which was a part of former President Joe Biden‘s Inflation Reduction Act, by the end of 2025 for automakers who have sold over 200,000 electric vehicles in the US. This could trigger a demand spike for Tesla vehicles towards the end of 2025, but a significant drop is anticipated in 2026, reported Electrek.
The bill also imposes an annual fee of $250 for electric vehicles by the Federal Highway Administration and $100 for hybrids, ostensibly to fund road repairs. This could raise the annual cost of ownership for Tesla owners, potentially deterring some customers.
The legislation also terminates most clean energy incentives, including the Investment Tax Credit (ITC) for solar and energy …Full story available on Benzinga.com Read Morebenzinga neuro, Budget Bill, Donald Trump, electric vehicles, Elon Musk, LCID, mobility, News, RIVN, TSLA, ZEV Credits, TSLA, US88160R1014, LCID, RIVN, News, Benzinga News
