The One Big, Beautiful Bill Act was passed by the Senate. If the House passes the bill during reconciliation, American car buyers could lose out on major EV incentive.

No tax on auto loans? No more EV credits? No more CAFE rules? It’s all complicated, and we’ve got it all broken down.

As the One Big Beautiful Bill Act shakes up the market for all-electric vehicles, the winsome Volvo EX30 arrives packing a lot of power and performance into its compact frame.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

With the One Big Beautiful Bill Act now law, there could be a spike in consumer energy bills in states represented by Republicans.

The One Big Beautiful Bill Act (“OBBB”), which was signed by President Donald Trump on July 4, 2025, revokes or curtails the majority of energy credits and significantly curtails other credits. Though certain credits,

Republicans' "big, beautiful bill" reinstated lower royalty rates for energy production, requires regular oil lease sales and phases out electric vehicle and clean energy tax credits

The legislation cuts off federal tax credits for electric vehicles and residential solar by the end of the year.