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The Big Beautiful Bill Cuts EV Tax Breaks—Here’s How Drivers Can Offset Costs

  • The Big Beautiful Bill eliminates tax credits for energy vehicles (EVs), including a $7,500 credit for new EVs and a $4,000 credit for used EVs.
  • Consumers have until September 30 to take advantage of the credits, with income restrictions for different filers to qualify.
  • Although upfront costs for EVs are higher than gas-powered cars, long-term savings on fuel, maintenance, and repair make them a financially viable option.
  • Credit cards offering cash back or points for EV charging provide additional savings, and options like the FutureCard Visa® Debit Card* offer significant benefits for eco-friendly purchases.

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