The U.S. House of Representatives has unveiled a legislative package dubbed "One Big, Beautiful bill," a phrase President Donald Trump has now said several times on his various social media accounts or in front of media. The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.

The 'One Big Beautiful Bill Act' proposed by Donald Trump aims to reshape the landscape of electric vehicle incentives in the U.S. by eliminating the federal tax credit, potentially altering the affordability and appeal of EVs.

A bill that changes Medicaid and extends trillions of dollars in tax cuts is now over a key hurdle. The House Budget Committee passed it late yesterday.