Part 3/10:
The implications of the bill are enormous, especially as it proposes the elimination of the $7,500 federal tax credit for EV purchases, which many fear could lead to a significant decline in EV sales next year. However, the bill allows automakers that have sold fewer than 200,000 EVs to retain this credit for an additional year, providing a temporary lifeline to manufacturers like Rivian, Lucid, and Honda, with the latter currently having the Prologue EV eligible for the credit.