The $7,500 tax credit that car shoppers can use for new EV purchases is set to expire at the end of September, according to the tax and spending bill that passed the House of Representatives on Thursday.

It is the end of the line for US electric vehicle tax credits. Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on Sept.

As part of a massive tax and spending overhaul passed by Congress on July 3, 2025 - also known as the "Big, Beautiful Bill" - the long-standing federal tax credits for EVs will officially be terminated on September 30,