"The EV tax credit, passed under the Biden administration, will end on Sept. 30 after funding for it was removed by President Trump's agenda-setting One Big Beautiful Bill Act. The EV tax credit was never meant to last forever. But now it ends years before it was supposed to. What happens to the American EV market after that is anyone's guess."
"S&P Global Mobility has the EV registration numbers for July, and understandably, people are rushing to get a good deal while they can. As Automotive News reports, here are some of the winners and losers from that month: Tesla missed out on the July surge, with its five models losing ground compared with a year earlier for a 13 percent overall decline, the data showed."
The EV tax credit will end on Sept. 30 after funding was removed by President Trump's One Big Beautiful Bill Act. The credit now terminates years earlier than planned and injects uncertainty into EV investments, model planning, and consumer purchasing decisions. Automakers are intensifying efforts to take advantage of current demand and remaining incentives. S&P Global Mobility registration data for July show mixed results: Tesla registrations fell 13 percent, Rivian and VinFast slipped, and Lucid posted a small gain. The Chevrolet Equinox EV logged 8,447 July registrations, and Chevrolet's brand registrations doubled to 11,655. Tesla also settled Autopilot-related lawsuits while Georgia officials remain optimistic about Rivian's upcoming factory.
Read at InsideEVs
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