Automobile expert Lauren Fix said he is discussing the impact of one big beautiful bill law on Tesla.
The settlement bill that passes through Congress would eliminate the electric vehicle tax credits created under the Inflation Reduction Act. The removal of credits created to encourage US consumers to purchase electric vehicles could lead to lower sales and production of EVs. but, Tesla Sales One expert predicts that it is likely that it has been largely unaffected.
“Removing this $7,500 tax credit should not have any impact. [Tesla] “Automobile expert Lauren Fix told Fox Business.
The “One Big Beautiful Bill Act” was approved by the House of Representatives on May 22nd with 215-214 votes. If the measure passes the Senate and signs the law by President Donald Trump, the incentive for a $7,500 new vehicle tax credit and a $4,000 used vehicle tax credit will be killed along with EVS subsidies. Bill text say. The EV tax credit launched during the Obama administration is set to expire on December 31, 2032. The new regulations state that “the expiration date will be accelerated until December 31, 2025.”
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Ending the clean vehicle tax credit will result in a sharp drop in U.S. EV sales, the amendment says.
Tesla sales are likely to be hardly affected if one big beautiful bill law is signed into law, said automotive expert Lauren Fix. (Photo by John Paraskevas via Getty Images/Getty Images/Newsday RM)
“I hope that the tax credit will disappear [electric vehicles] Fix said EVS currently accounts for around 8% of total U.S. car sales. Electric car Sale, Tesla still survives [Elon Musk] It’ll work. And other brands make what consumers want. ”
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Tesla, a leading US EV manufacturer, focuses more on selling carbon credits to other automakers than providing consumer tax incentives. The company that operated most of its production To TexasAccording to the modification, it is “more efficient and effective” in manufacturing.
One big beautiful bill law recently passed the House and moved to the Senate. (Photo by Mandel Ngan/AFP via Getty Images/Getty Images)
“What Tesla did and they really didn’t care about the $7,500 tax credit, is that they were selling carbon credits to all the other automakers,” Fix said. “That’s where they made their profit.”
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Meanwhile, other major EV car manufacturers like Hyundai And Ford If one big beautiful bill law is signed to the law, she said she might decide to reduce production of electrified vehicles.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 358.43 | +1.53 |
+0.43% |
| f | Ford Motor Co. | 10.22 | +0.05 |
+0.49% |
“You’ll see their production drop dramatically,” Fix said. “The only reason manufacturers are building electric vehicles in the first place is because they were required to do so.”
Elon Musk, CEO of Tesla Inc., will speak on March 30, 2025 at the City Hall of the KI Convention Center in Green Bay, Wisconsin. (Getty Images/Jamie Kelter Davis via Getty Images/Bloomberg)
In January, Trump issued an executive order to “eliminate electric vehicle missions and promote real consumer choices.”
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Tesla, Hyundai and Ford Motor Company did not immediately respond to Fox Business’s request for comment.
