Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...

When President Trump signed his big budget bill into law on July 4, it eliminated the electric vehicle (EV) tax credits enacted under the Biden Administration—$7,500 for buying or leasing a new ...

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The EV incentives, both federal and state, have never been through the implementation of unprecedented changes as the clean vehicle tax credit heads towards the deadline of September 30, 2025, and ...

Forbes contributors publish independent expert analyses and insights. Mike Sylvester covers tax policy with a focus on small businesses. If you have been planning to buy a clean vehicle, you need to ...

California expects 64% fuel tax revenue loss by 2040. States are turning to mileage-based charges for electric vehicles to ...

Federal EV tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the bank or the automaker's finance company can take a $7,500 tax credit for ...