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Tesla and Ford are racing to sell more EVs before the Big Beautiful Bill kills the $7,500 tax credit

Tesla
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The Cybertruck is one of several Tesla models set to lose the $7,500 tax credit. Kevin Carter/Getty ImagesAutomakers are telling buyers that if they want to go electric, now is the time. Trump's Big Beautiful Bill is set to kill the $7,500 tax incentive for new EVs and push up prices.

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