These EVs are set to become a lot more expensive under Trump's 'Big Beautiful Bill'
- - - These EVs are set to become a lot more expensive under Trump's 'Big Beautiful Bill'
Tom Carter July 5, 2025 at 12:11 PM
Tesla's Model Y and 3, two of the best-selling EVs in the US, are among the vehicles that qualify for the tax credit.Martin Berry/UCG/Universal Images Group via Getty Images -
Some of the best-selling EVs are about to become a lot more expensive.
Trump's "Big Beautiful Bill" eliminates the $7,500 tax credit for new electric cars.
Here are the 20 electric and hybrid vehicles that qualify for the $7,500 discount.
President Donald Trump's "Big Beautiful Bill" is about to make EVs even more expensive.
On Thursday, the US House of Representatives passed Trump's tax and spending bill, and in doing so, killed the $7,500 tax credit for new, US-made electric vehicles.
Trump signed the bill into law on Friday, meaning that the tax incentive will end on September 30th.
Auto industry experts have previously warned that removing the $7,500 credit will make EVs even more unaffordable, and there are already signs that some automakers are starting to adjust their prices.
Jeff Bezos-backed EV startup Slate Auto quietly removed the "under $20,000" expected price tag for its upcoming electric pickup truck from its website this week. The company had previously said it expected the customizable pickup to qualify for federal tax incentives.
20 electric and hybrid vehicles currently benefit from the $7,500 tax credit, according to the US Department of Energy's website — but for buyers looking to snap them up before the discount goes away, there are a couple of important caveats.
For starters, not every version of those vehicles meets the criteria for the tax incentive.
Some are limited to specific model years and trims. For example, only the 2026 version of the Hyundai IONIQ 9 qualifies for the tax credit.
There is also a max retail price limit of $80,000 for vans, SUVs, and pickups, and $55,000 for all other vehicles.
In addition, the credit is only available to buyers with an adjusted gross income of $150,000 or less, although the limit extends to $300,000 for married couples filing jointly and $225,000 for heads of households.
There is also a separate federal tax credit of up to $4,000 for used EVs and hybrids, which applies to a much wider range of vehicles, but that will also come to an end in September once Trump signs the bill into law.
Every EV that qualifies for the $7,500 tax credit -
Acura ZDX
Cadillac LYRIQ
Cadillac OPTIQ
Cadillac VISTIQ
Chevrolet Blazer
Chevrolet Equinox
Chevrolet Silverado
Chrysler Pacifica (hybrid)
Ford F150 Lightning
Genesis Electrified GV70
GMC Sierra
Honda Prologue
Hyundai IONIQ 5
Hyundai IONIQ 9
Jeep Wagoneer S
Kia EV6
Kia EV9
Tesla Cybertruck
Tesla Model 3
Tesla Model X
Tesla Model Y
on Business Insider
Source: AOL Money
