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.

The ‘Big Beautiful Bill’ passed in Congress last week slashes electric vehicle funding, ending the federal EV tax credit as early as September and eliminating subsidies for commercial EVs.

Electric cars might cost more upfront without the federal break—but owners save thousands on gas and repairs over time.