If you’re a business owner or self-employed professional planning to invest in an electric vehicle, be alert.

On July 1 (yes, today), the U.S. Senate passed its version of the tax bill, which terminates three cornerstone clean vehicle tax credits after September 30, 2025.1

The Three Credits on the Chopping Block

The legislation targets the following three electric vehicle tax credits:

Section 45W—Qualified Commercial Clean Vehicles Credit. This is the big one and the best one for businesses—up to $7,500 for light commercial ... Log in to view full article.