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