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Kiplinger
Kiplinger
Business
Kelley R. Taylor

Trump Tax Bill Targets Current EV Owners With New $250 Annual Fee

Image of the number 250 on a red sign.

If you already own an electric vehicle, you’re not alone — over 3.5 million people in the United States have registered EVs, with nearly 300,000 new ones sold in just the first quarter of 2025, as reported by Kelley Blue Book and Cox Automotive.

But now, proposed mega legislation, known as the One Big Beautiful Bill Act, from Republicans in the U.S. House of Representatives could soon hit your wallet with a new annual federal fee to raise more than $800 million a year for the Highway Trust Fund.

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