News Summary

• The One Big Beautiful Bill Act gets rid of a $7,500 tax credit for new EVs (and a $4,000 credit for used ones) EVs are cheaper than they’ve ever been but are about to get significantly more expensive.
• Economists have also had time to model what might happen if incentives were to disappear.
• One estimate by researchers at the National Bureau of Economic Research predicts a massive drop in sales, pulling total annual EV units by more than 300,000 and sending them back to under a million a year.