AI-assisted summary

The One Big Beautiful Bill Act (OBBBA) ends federal tax credits for electric vehicles (EVs) and related battery manufacturing, impacting the growing EV market.

The OBBBA's removal of incentives is expected to slow EV sales growth and increase reliance on manufacturer discounts and deals.

Building a domestic battery supply chain and expanding charging infrastructure are key challenges for the EV industry's future.

“I know he’d give me a discount,” said President Donald Trump moments before buying an $80,000 red Tesla from Elon Musk at the White House lawn on March 11. “But I want to pay full price.”

And full price, he decreed, is what everyone shall pay. Enacted July 4, Trump’s One Big Beautiful Bill Act (OBBBA) ends federal tax credits for electric vehicles (EVs)

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