Lawmakers would eliminate a $7,500 tax credit for households that buy or lease a new EV, and a $4,000 credit for consumers who purchase a used EV.

Getting an electric vehicle could get more expensive if President Trump's budget bill passes, taking away a tax credit for an increasingly popular way to drive. That's got the electric vehicle industry,

June, President Donald Trump’s “One Big Beautiful Bill Act” first proposed cutting the EV tax credit, and more recentl

But the pressure on House Republicans to sign off on what Trump has called his "big, beautiful bill" will be enormous. The president has said he views the legislation as an integral part of his political legacy – a lasting change in government policy that, unlike executive orders, a future president cannot easily undo.

The Senate narrowly passed President Trump's massive tax and spending bill Tuesday after a marathon series of amendment votes.

Elon Musk, the world’s richest man, threatened to fund primary challenges against supporters of President Trump's sprawling tax and spendng bill 'if it is the last thing I do on this Earth.'

Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition