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Looking to buy an electric vehicle? Don’t count on that federal subsidy anymore. The One Big Beautiful Bill did away with the federal (Biden-era) electric vehicle (EV) subsidy, which expired on October 1st.
Good riddance.
Biden administration $7,500 tax subsidy for purchasing electric vehicles, which helped propel a boom in battery electric vehicles (EVs), expired effective October 1st pursuant to the Big Beautiful Bill. Trump has long professed a distaste for this automotive technology, except for his EV photo-op in July when he turned the White House south lawn into a new car lot for Tesla cars to promote Elon and DOGE. (One wonders if Trump actually paid for the bright red, $90,000 Model S that he “bought” on the spot–maybe not.)
Despite the expiration of the federal support for EVs, Inside EVs reports that “a small number of U.S. states will continue to offer their own regional tax credits, rebates, and incentives, allowing their residents to continue offsetting the high cost of EVs compared to gasoline vehicles.”
That’s an unmitigated good thing. If something needs subsidizing to sell, it never should have been on the market in the first place. It’s not the role of government to pick winners and losers in the marketplace, and yet that’s precisely what these EV subsidies did – along with allowing the pretentious “green” crowd to ballyhoo their “emissions-free” vehicles, which of course, are powered by electricity still overwhelmingly generated with coal and natural gas.
It’s virtue-signaling of the most hypocritical sort.
Some states are upping the ante. Blue states, of course. Colorado is increasing their EV subsidy from $6,000 to $9,000 for a pure EV, and from $4,000 to $6,000 for a plug-in hybrid. One recent report states that 14 states still maintain EV subsidies, including Connecticut, Delaware, Illinois, Maine, Massachusetts, New Jersey, New Mexico, New York, Oklahoma (!), Oregon, Pennsylvania, Rhode Island, and Virginia. California, surprisingly, let its program expire, although Governor Gavin “A Little Dab’ll Do Ya” Newsom reportedly isn’t happy about that. These are, with the exception of Oklahoma, blue states, which should come as no surprise.
You know, that’s the great thing about federalism. If you don’t like where you live, there are 49 other states to choose from. If you’re frustrated with Colorado’s shoveling your hard-earned into other people’s electric vehicles, then you can move north to Wyoming, where the Cowboy State has no such idiocy.