The future of the American auto industry — and what's parked in your driveway — could be shaped by negotiations on Capitol Hill right now.

That's because the version of what President Trump calls the "big, beautiful bill" that was passed by the House of Representatives last month includes sharp cuts to the tax credits designed to incentivize EV purchases.

President Joe Biden promoted a suite of policies meant to cut carbon emissions by boosting EV sales. That includes "sticks," like regulations that effectively require companies to build more EVs, as well as "carrots," the federal subsidies that sweetened the deal by providing financial incentives (to both car companies and buyers) to pivot toward battery-powered vehicles.

Trump has long signaled a desire to roll all of them back.

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