One major provision of President Donald Trump’s One Big Beautiful Bill Act was its discontinuation of the electric vehicle (EV) tax credit on Oct. 1, 2025. That tax credit had been created to incentivize new car buyers into purchasing an EV by rewarding them with $7,500, thus helping buyers offset a portion of a new EV’s cost.
Without it, EV buyers now have to pay full price for such popular environmentally-friendly rides as the Tesla, without any tax-based incentives. That begs the question: Can car shoppers still find savings by purchasing an EV such as a Tesla, versus an internal-combustion ride?
