Electric cars might cost more upfront without the federal break—but owners save thousands on gas and repairs over time.

A significant shift in the U.S. EV landscape may be imminent as the Senate advances a budget bill that would eliminate the federal EV tax credits by September.

Yesterday, Musk once again took to his social media platform to denounce the budget bill, threatening to form a third political party should it pass and reposting content critical of the GOP spending plan.