When Congress passed the Inflation Reduction Act in 2022, it was the largest climate bill in U.S. history, with major incentives for electric vehicle production and adoption. In its wake, investment in the U.S. electric vehicle industry accelerated. But in 2025, President Donald Trump’s so-called One Big Beautiful Bill Act eliminated most of the incentives, and U.S. investment collapsed.
Policies supporting electric vehicles reversed—it will affect the road to clean electricity, too
