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Tesla and Ford are racing to sell more EVs before the Big Beautiful Bill kills the $7,500 tax credit
Business Insider·2025-07-11 18:03

Tesla and Ford have a simple message for EV buyers after President Donald Trump's Big Beautiful Bill passed — buy, buy, buy. Automakers are racing to capitalize on a last-minute scramble from customers looking to snap up EVs before the crucial 7,500taxcreditexpireslaterthisyear.WithTrumpstaxandspendingbillpassinglastweek,electricvehiclebuyers haveuntilSeptember30thtoget7,500 tax credit expires later this year.With Trump's tax and spending bill passing last week, electric vehicle buyers have until September 30th to get 7,500 off a new US-made EV or $4,000 off a used vehicle. Tesla, in particular, is emphasizing the approaching en ...