Trump megabill axes $7,500 EV tax credit after September

A massive tax-and-spending package championed by President Donald Trump and passed by the Senate on Tuesday would end tax credits for electric vehicles within three months.

The legislation, which Republicans are trying to get to the president’s desk by July 4, would end tax breaks for consumers who buy or lease EVs after Sept. 30.

Lawmakers would eliminate a $7,500 tax credit for the purchase or lease of a new EV, and a $4,000 credit for the purchase of a used EV...