The US Senate is considering ending electric vehicle tax credits even sooner than initially planned. The proposed bill would terminate the credits by September 30th, three months from now. This move has sparked concerns among EV advocates who had hoped to extend the life of these incentives.
Some groups, like the American Energy Alliance, have welcomed the prospect of terminating the credits. In contrast, organizations representing used car dealerships and nationwide used-vehicle giants such as Carmax and Carvana are urging Congress to maintain the credits for a reasonable transition period.
Critics argue that abrupt elimination would disrupt the market and confuse consumers. The US Senate is currently voting on potential amendments before reconciling with the House version of the bill.
Source: https://www.npr.org/2025/06/30/nx-s1-5451701/ev-tax-credit-megabill-senate