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

Source: Business Insider

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.