Trump's 'big beautiful bill' ends $7,500 EV tax credit

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Consumers may rush to lease or buy an electric vehicle this summer to qualify for a federal tax credit that ends after Sept. 30.

  • President Donald Trump's so-called "big beautiful bill" ends federal EV tax credits after Sept. 30.
  • Consumers may rush to buy or lease an electric vehicle before that deadline to get a tax break.
  • Tesla said now is the time to "YOLO" purchase an EV, referencing the fast-approaching deadline.

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