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Trump Will Slow, but May Not Stop, the Rise of Electric Vehicles Key Takeaways Trump's team plans to kill the $7,500 federal EV tax credit immediately, making new EVs significantly more expensive for buyers While federal EV mandates would disappear, 12 states including California have their own clean car rules that'll keep pressure on automakers Charging infrastructure growth has already reached critical mass - there's over 150,000 public ports nationwide that won't just vanish Auto companies like Ford and GM have invested too much in EV factories to back out, even if they slow rollout pace Global emissions rules and battery cost drops mean the EV shift continues regardless of U.S. politics, though progress may hiccup Trump's "Day One" EV Policy Promises When Trump said "I will end the electric vehicle mandate on Day 1" at the Republican convention , he meant scrapping Biden's tailpipe rules requiring 56% of new cars sold by 2032 to be electr...

  Key Takeaways The Senate passed Trump’s megabill 51-50, with Vice President Vance breaking the tie after Republicans Collins, Tillis, and Paul defected over Medicaid cuts and deficit concerns . Tax changes:  Permanent extension of 2017 TCJA rates ($4 trillion cost), temporary deductions for tips ($25K cap), overtime ($12.5K cap), and car loan interest ($10K cap), plus a 5-year SALT deduction boost to $40K . Healthcare cuts:  $900B in Medicaid savings from work requirements and reduced provider taxes, projected to leave 11.8 million uninsured by 2034. Rural hospitals face closure risks despite a $50B temporary fund . Energy shifts:  Immediate end to EV tax credits, phaseout of wind/solar incentives by 2027, and new fossil fuel supports like classifying coal as a “critical mineral.” Analysts predict 10% higher electricity bills and 50% less new grid capacity . The bill faces House hurdles due to Freedom Caucus opposition to deficit spending ($3.3 trillion over 10 yea...