A tax and spending bill passed by the House of Representatives is poised to end the $7,500 federal tax credit for electric vehicle (EV) purchases at the end of September. This incentive has significantly reduced the cost of EVs for consumers. Prospective EV buyers have a limited window to take advantage of the credit before it potentially expires, impacting the affordability of new electric vehicles. The legislation's passage signals a potential shift in government incentives for the EV market.