The federal EV tax credit is, to put it lightly, in limbo given the current wording of the GOP's "big, beautiful bill." Though a lot of back-and-forth remains, with the Senate haggling with the House — and senators from red states with EV factories loath to damage the industry — it is more likely than not that GOP holdouts will fall in line and gut former President Biden's $7,

So far in 2025, Tesla has spent $240,000 lobbying Washington in favor of the electric vehicle (EV) tax credit, along with other EV polices, but the policy remains on the chopping block if President Donald Trump 's "big beautiful bill" passes into law.