U.S. Senate

Senate’s Shock Move: EV Tax Credits to Vanish by September 30!

by

The U.S. Senate’s recent bill proposes ending the $7,500 federal tax credit for new electric vehicles and the $4,000 credit for used EVs by September 30, 2025, as part of a broader tax and spending package. This accelerated phase-out, faster than the House’s plan, has sparked debate, with critics warning of job losses and weakened … Read more

Trump’s Tax Bill Threatens EV Boom: $7,500 Credit Faces Early End

by

“The U.S. Senate’s passage of President Trump’s tax bill, which ends the $7,500 EV tax credit by September 30, 2025, has sparked concerns in India’s EV sector. The move could weaken U.S. EV makers like Tesla, potentially benefiting Chinese rivals. Indian automakers and policymakers are closely monitoring the impact on global EV markets and India’s … Read more