The recent passage of President Donald Trump’s One Big Beautiful Bill (OBBB) has significant implications for the electric vehicle (EV) industry in the United States. The legislation will cut all forms of government support for emission-light vehicles, creating uncertainty for an already struggling American auto industry.
Despite this setback, EV enthusiasts remain optimistic about the future of electric vehicles. According to a recent JD Power survey, nearly one in four US vehicle shoppers say they’re “very likely” to consider buying an EV, while 35% say they’re “somewhat likely.” Experts offer several tips for navigating this uncertain time.
Firstly, it’s essential to understand that not all cars or buyers are eligible for tax credits. Eligible vehicles can be found on a manufacturer-specific list, and buyers must meet income thresholds to qualify. Additionally, automakers may slash car prices in the coming months as interest in EVs increases.
The bill also eliminates tax credit incentives for at-home electric vehicle charging installations. However, this credit will disappear in June 2026, providing a temporary window for eligible buyers.
While the new bill has reduced support for manufacturers, it does not eliminate all government support. States are expected to step in and fill the gap with their own incentives and policies. As of now, 11 states have joined together to promote cleaner vehicles.
Industry watchers predict that despite this setback, electric vehicles will continue to thrive globally. Expectations are that China will maintain its lead in producing affordable EVs, which may attract more demand from American consumers in the future.
Source: https://www.wired.com/story/5-big-ev-takeaways-one-big-beautiful-bill