Trump cut EV tax credits one year ago. So, who won and who lost? - USA Today - ng28.com

• The elimination of the $7,500 federal EV tax credit has led to a drop in new electric vehicle sales. President Donald Trump eliminated the once-popular $7,500 tax credit for electric vehicle buyers in the United States over a year ago, and signs now point to some clear winners and losers of that decision. EV sales have plummeted since then, although a spike in gas prices this year has led to a bit of a renaissance for plug-in models in 2026. The elimination of the EV tax credits has had impacts on other parts of the industry too: Carmakers canceled production on several low-selling electric models that they could no longer market with the big discount, and they have also revived some popular gas-guzzlers. Why they're a winner: Tesla had a 10-year headstart as the main U.S. electric car maker, with its shoppers having access to federal tax credits since the discount was first created under former President George W.