The United States House of Representatives passed the 'Big Beautiful Bill' which ends EV subsidy programs like the $7,500 tax credit by the end of this year.
The bill eliminates credits on new and used EV purchases, as well as the installation of Level 2 chargers, impacting solar subsidies for clean energy.
Tesla could benefit from the bill due to timing, as potential buyers may rush to purchase EVs before the credit ends, potentially boosting Tesla's sales.
Additionally, Tesla's plans to introduce affordable models by 2025 could help offset the impact of losing the tax credit, making EVs more accessible to consumers.