And we are alive for a new episode of the Electric Podcast. I'm Fred Lambert, your host. And as usual, I'm joined by Seth Windraub. Are you doing today, Seth? I'm good. All right. I hope you're good because we don't have good news this week. It's going to start out with the biggest news of the week. All right, we knew it was coming since the elections since November. We knew what's

going to happen. But now we have a little bit of details of how it's going to happen. And that's

the EV tax credit, federal tax credit in the U.S. going away. The GOP have made the first move.

They have introduced a couple of bills.

Unsurprisingly, those who are introducing, those bills are oil-back senators.

People are taking together over a million dollars in the last cycle from Big Oil.

I'm sure you're shocked.

Yep.

So it's our friend John Barrazzo, Barasszzo, and along 14 other GOP setters that introduce a couple of bills.

So it's two bills back to back.

And we don't know if this is actually all going to happen.

Obviously, things change between the time that the bill is proposed and goes into law or doesn't go into law at all.

Some of this might be negotiation tactics. Like, you know, because right now the way these bills stands are like worst case scenario possible for the EV world if it goes through like that, which it might because the GOP has the

House, has the Senate, and it has the White House.

So hopefully some of that changed, but right now, as it stands, the first bill,

unexpectedly killed the $7,500 tax credit for a new EV buying or purchasing it,

the use tax credit for the tax credit for used electric vehicles, the $4,000 one, and all the incentive

for a charging station. And then I'll quickly does it because a lot of people were hoping,

maybe they do that this year and then they say that the deadline is

January 1st 2026 so it still gives a pretty good year actually probably like even a better year for 2025 because it forces people to

it creates some urgency from people to go ahead and take delivery this year.

But no, they say that right now the phase out will be completely done within 30 days of the bill being signed into law.

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