A major turning point for the US market arrived with the recent passage of President Donald Trump's $3.4 trillion "Big, Beautiful" budget bill, which included the

President Donald Trump's recent signing of a bill to prematurely end electric vehicle (EV) tax credits has raised serious concerns about the potential impact on the Korean auto industry. Previously, the United States offered generous tax incentives for electric vehicles,

The One Big, Beautiful Bill Act was passed by the Senate. If the House passes the bill during reconciliation, American car buyers could lose out on major EV incentive.

Rivian's founder and CEO RJ Scaringe says the elimination of the federal EV tax credit and other incentives will put America behind, but push his company ahead in the long run.

The legislation cuts off federal tax credits for electric vehicles and residential solar by the end of the year.

The bill, which will end subsidies for electric vehicles, favors gasoline-powered cars, said the head of the Chinese group.

The head of a Chinese auto industry group is reportedly of the opinion that President Donald Trump’s tax bill is a win for Chinese EV companies globally, as it favors gasoline-powered cars over electric ones.

We recently published Jim Cramer’s Fresh 14 Stocks & Thoughts About Market Performance. ABC is one of the stocks Jim Cramer recently discussed. Tesla, Inc. (NASDAQ:TSLA) is the world’s largest electric vehicle manufacturer.

Lawmakers would eliminate a $7,500 tax credit for households that buy or lease new EVs, as well as a $4,000 credit for consumers who purchase used EVs.

President Trump has battled California Gov. Newsom over wildfires, immigration, environmental rules, and vehicle mandates as the administration targets progressive policies.