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.

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.