On Oct. 1, 2025, the electric vehicle (EV) tax credit was eliminated by President Donald Trump’s One Big Beautiful Bill Act (OBBBA). The massive bill sets the spending agenda and tax policies for the remainder of Trump’s second term, permanently extending most of the tax rates of the president’s 2017 tax bill and paying for those tax cuts by eliminating spending elsewhere (such as the EV tax credit). Find out below if EVs are still worth buying without the tax credit.
Trending Now: I Asked ChatGPT If It’s Cheaper To Own an EV or a Hybrid in 2025: Here’s What It Said
