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.

An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30,

President Donald Trump has unleashed fierce criticism of Elon Musk, weeks after the pair had a public bust-up. It comes as Republicans are hoping to pass Trump’s ‘Big, Beautiful Bill’ in the Senate – part of which could end electric vehicle tax credits, something which Musk has been passionate about.

Republicans breeze by Elon Musk's threats to fund primary opponents over President Donald Trump's agenda, with Rep. Tim Walberg stating, "I don't worry about Elon Musk" as the House prepares to vote.

Tesla is headed for another year of shrinking sales after it posted a second straight drop in quarterly deliveries, dragged down by CEO Elon Musk's right-wing political stances and an aging vehicle line-up that has turned off some buyers.