The Republican Party is pushing to end tax credits for electric vehicles sooner than planned. This move could make Tesla's cars much more expensive in the U. S. The tax credit currently gives buyers up to $7, 500 off the price of an EV. The House of Representatives initially wanted to keep this credit until the end of the year. But now, the Senate wants to cut it off...

The Senate is currently debating a massive tax and spending bill that could bring an unexpected and swift end to electric vehicle (EV) tax credits. This draft proposes a unified end date of September 30th, which is much earlier than the House's proposed timeline of late 2025 or 2026 for different automakers. The bill is still a work in progress. The Senate is voting...

The electric vehicle industry is buzzing with news of Tesla's upcoming budget-friendly car. This new model is set to hit the market in the first half of 2025, offering a significant price drop compared to the current base Model 3. The new vehicle is expected to be priced at around $30, 000, including federal tax credits. Without these credits, the price would jump to...