[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 305.8K followers Created: 2025-07-07 17:00:17 UTC President Trump’s “One Big, Beautiful Bill” has passed the House in a narrow 218-214 vote. A key provision ends federal tax credits for electric vehicles on September XX. The $XXXXX credit for new EVs and $XXXXX for used EVs will be eliminated, dealing a blow to EV adoption. The bill also scraps fines for automakers failing to meet fuel economy standards and cancels a proposed $XXX annual fee on EV owners. The U.S. Postal Service is no longer required to update its delivery fleet with EVs and will sell off its current stock of Ford Transit EV vans. Critics say the bill weakens America’s EV leadership. Pro-EV groups argue the policy shift benefits China and hampers domestic innovation. The bill has reignited tensions between Trump and Tesla CEO Elon Musk. Musk has fiercely opposed the bill, even suggesting he would form a new political party if it passed. Trump fired back, saying Musk owes his success to U.S. subsidies. The move reflects the Trump administration’s broader pushback against EV mandates, including a recent reversal of California’s 2035 gas car ban.  XXXXX engagements  **Related Topics** [electric vehicles](/topic/electric-vehicles) [tax bracket](/topic/tax-bracket) [trumps](/topic/trumps) [Post Link](https://x.com/Benzinga/status/1942267438940168419)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Benzinga @Benzinga on x 305.8K followers
Created: 2025-07-07 17:00:17 UTC
President Trump’s “One Big, Beautiful Bill” has passed the House in a narrow 218-214 vote. A key provision ends federal tax credits for electric vehicles on September XX.
The $XXXXX credit for new EVs and $XXXXX for used EVs will be eliminated, dealing a blow to EV adoption. The bill also scraps fines for automakers failing to meet fuel economy standards and cancels a proposed $XXX annual fee on EV owners.
The U.S. Postal Service is no longer required to update its delivery fleet with EVs and will sell off its current stock of Ford Transit EV vans.
Critics say the bill weakens America’s EV leadership. Pro-EV groups argue the policy shift benefits China and hampers domestic innovation.
The bill has reignited tensions between Trump and Tesla CEO Elon Musk. Musk has fiercely opposed the bill, even suggesting he would form a new political party if it passed. Trump fired back, saying Musk owes his success to U.S. subsidies.
The move reflects the Trump administration’s broader pushback against EV mandates, including a recent reversal of California’s 2035 gas car ban.
XXXXX engagements
Related Topics electric vehicles tax bracket trumps