Overview

• Congress’s “Big Beautiful Bill” terminates the $7,500 new-EV and $4,000 used-EV credits on Sept. 30, prompting a late rush to purchase or lease.
• Dealers report thinning inventories and a surge in EV share to roughly 25–30% in parts of the Midwest, though some say the pace is tempered by limited stock.
• Auto broker estimates indicate losing the credit adds about $250 per month to a typical three-year EV lease payment.
• An academic consortium estimates EV sales could fall 27% after the credit ends, and an economist notes some automakers have already canceled planned EV models.
• In Tennessee, where the state reports more than $16 billion in EV investment and over 191,000 EVs produced since 2013, a clean-energy group cites nearly 150 EV manufacturing job losses over the past year and recent production slowdowns.