A $1,700 federal tax credit established in the “One Big Beautiful Bill” realizes the dreams of Orthodox advocates.

Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.

The Clean Vehicle Credit, overhauled and extended through 2032 as part of the Inflation Reduction Act, will now end after Sept. 30 under President Donald Trump's "big beautiful" tax-and-spending package, meaning potential buyers have just a few months to act before the credit is discontinued.

President Donald Trump has signed the "Big, Beautiful Bill" into law, a sweeping tax cut and spending package. The new law includes several changes to the Child Tax Credit (CTC), a tax

Changes to the Child Tax Credit are embedded in the Republican One Big Beautiful Bill Act, which is set to become law on July 4.

Bloom Energy (NYSE:BE) +16.8% to its highest since January in Wednesday's trading as J.P. Morgan upgraded shares to Overweight from Neutral with a $33 price target, hiked from $18, after fuel cells unexpectedly qualified for Clean Electricity Investment credits as part of the new "Big Beautiful Bill,

The companies expect demand to jump as residential customers attempt to purchase solar systems before a long-standing 30% residential clean energy credit expires Dec. 31.

The new federal tax and spending bill slashes clean energy programs including a 30% tax credit for home solar. The program now ends December 31, but experts say there are still resources available.

Lawmakers would eliminate a $7,500 tax credit for households that buy or lease new EVs, as well as a $4,000 credit for consumers who purchase used EVs.