Lawmakers would eliminate a $7,500 tax credit for households that buy or lease a new EV, and a $4,000 credit for consumers who purchase a used EV.

Getting an electric vehicle could get more expensive if President Trump's budget bill passes, taking away a tax credit for an increasingly popular way to drive. That's got the electric vehicle industry,

June, President Donald Trump’s “One Big Beautiful Bill Act” first proposed cutting the EV tax credit, and more recentl

President Donald Trump on Tuesday suggested unleashing the DOGE “monster” on ally-turned-rival Elon Musk while leaving deportation on the table for the world’s richest person. “I don’t know. We’ll have to take a look” at deportation, Trump told reporters Tuesday while touring the “Alligator Alcatraz” for detained migrants in Florida.

Elon Musk, the world’s richest man, threatened to fund primary challenges against supporters of President Trump's sprawling tax and spendng bill 'if it is the last thing I do on this Earth.'

Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition

At some 887 pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations.

The revised package now heads back to the House, where Republican leaders are hoping to approve it and send it to Trump before a self-imposed July 4 deadline. But it faces hurdles.