en.elcierredigital.com, InstaStudio, Grok The new government law that affects thousands of Americans: you could lose a lot of money
This new law, promoted by Donald Trump, eliminates one of the most important forms of assistance for many citizens
The recent approval in the U.S. Senate of the so-called One Big Beautiful Bill, promoted by Donald Trump, has drawn attention. This is a measure that will eliminate tax subsidies for electric vehicles (EVs) and other sustainable vehicles, both new and used.
Starting September 30, 2025, the $7,500 credits for new cars and $4,000 credits for used cars will be eliminated. It is important to note that these figures have been key in the expansion of the electric market in the country.
Impact on buyers and manufacturers
Currently, these tax credits allow buyers to reduce the final price of electric vehicles, bringing their cost closer to that of gasoline cars. As a relevant fact, in May 2025, they cost an average of $9,600 less.
Without this aid, prices will remain high. For example, a study from the University of Michigan highlights that these subsidies are essential for EVs to be more affordable. This is especially true when compared to internal combustion vehicles.
Manufacturers such as Tesla, Ford, GM, and Stellantis have built production, pricing, and marketing plans taking these incentives into account. Without them, the sector fears a 27% drop in registrations, according to market estimates.
Consequences of Trump’s new law
Analysts from MIT and the University of Michigan emphasize that EVs reduce emissions, since transportation is responsible for 28% of greenhouse gases in the U.S. Moreover, the end of subsidies could slow the abandonment of fossil fuels and increase carbon emissions.
The bill is part of a larger tax reform, focused on eliminating policies from the Inflation Reduction Act (IRA). This includes incentives for renewable energy and EVs, while at the same time keeping tax cuts for high-income sectors.
If confirmed in the House, the elimination of credits will take effect on September 30, 2025. Planned vehicles, such as Slate Auto’s electric pick-up, will no longer be affordable and will increase by hundreds or thousands of dollars. In addition, manufacturers will possibly react with new offers or price cuts, but long-term prospects show a possible drop in investment and employment in the green sector.
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