The tax and policy bill passed by House Republicans would repeal subsidies critical to the growth of electric vehicles, potentially slowing their sales and production.
If passed by the Senate and signed into law, the bill would impact battery-powered cars and trucks in the U.S., hindering efforts to address climate change globally.
The measure would eliminate subsidies for battery manufacturing and EV purchases, impose an annual fee on electric vehicle owners, and redirect saved money to tax cuts for high-income households and businesses.
While electric vehicles may not vanish, they could become more expensive, leading some automakers to postpone plans for new car and battery factories, putting the U.S. behind China and Europe in EV adoption.