Senators Soften Trump's One Big Beautiful Bill, but the $7,500 EV Tax Credit Is a Goner

Draft legislation released by the Senate Finance Committee shows that EV and clean energy incentives will still go away, in some cases even sooner than expected. The proposed legislation, which Trump named "One Big Beautiful Bill," eliminates the $7,500 tax credit for new EVs, the $4,000 credit for used ones, and the lease loophole. It's no secret that Trump is a climate change denier, and he op... (continue reading...)