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US Senate Considers Scrapping EV Incentives Earlier Than Previously Planned

July 03, 2025 at 10:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

The U.S. Senate is thinking of scrapping federal electric vehicle incentives much earlier than the Trump administration had originally planned. First put in place by the Biden administration, these federal EV incentives have been critical to boosting electric vehicle sales in the country. Similar incentives have also been key to boosting electric vehicle adoption in other major markets like China and the European Union.

The U.S. auto industry, including entities like Mullen Automotive Inc. (NASDAQ: MULN), will be following Congressional discussions to…

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

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