President Trump’s “One Big Beautiful Bill” is more than just a headline — it’s 879 pages of sweeping changes that could reshape how Americans buy, finance, and even sell their vehicles. From repealing federal emissions standards to slashing EV incentives, this legislation has the potential to impact your car payments, your taxes, and your long-term vehicle decisions. 

In this episode of Noble6 Talks, Garrett joins Ed and Rich to unpack the bill’s key sections and explain what they mean for everyday drivers, and auto buyers. 

Emissions Rules Rolled Back 

One of the most significant provisions is the repeal of EPA greenhouse gas and multi-pollutant emission standards for 2027 and later model years. In short, the federal government is walking back restrictions that were set to tighten on automakers. 

• The bill also strikes down NHTSA’s corporate average fuel economy (CAFE) standards, which required manufacturers to hit certain fleet-wide MPG targets. 

• While this is now federal law, states like California — with their own CARB (California Air Resources Board) standards — remain in direct opposition. That means car owners are still dealing with requirements like smog checks despite the repeal at the federal level. 

The clash between federal and state rules is likely to play out in the courts, but for now, drivers should expect to remain compliant with their state’s laws. 

Auto Loan Interest Deductions 

Another headline section of the bill introduces a new tax break: 

• Up to $10,000 of auto loan interest is deductible per year (2025–2028). 

• Applies to passenger cars, SUVs, minivans, and pickups under 14,000 lbs. 

• Vehicles must have final assembly in the U.S. to qualify. 

• Personal use only — not for commercial or salvage vehicles. 

This deduction isn’t limited to traditional American brands. Many foreign automakers, like Toyota, Honda, and Nissan, manufacture multiple models in U.S. plants, which means those vehicles qualify as well. Buyers just need to verify final assembly through the VIN before signing. 

EV Incentives Are Going Away 

Perhaps the most impactful shift is the elimination of federal EV tax credits years ahead of schedule: 

• The $7,500 new EV credit and $4,000 used EV credit will end on September 30, 2025. 

• These credits were originally set to run until 2032 under the Inflation Reduction Act. 

• The move could slow EV adoption, impact resale values, and put pressure on newer EV-only manufacturers who rely on consumer incentives to stay competitive. 

For consumers considering an EV, the message is clear: act before the deadline (September 30, 2025) or risk losing thousands in potential savings. 

What This Means for You 

• Car buyers should double-check assembly locations to ensure eligibility for loan interest deductions. 

• EV shoppers have until September 30, 2025, to qualify for credits. 

• Drivers in strict states (like California) still need to comply with smog and emissions checks despite federal repeals. 

• Recyclers and auto industry stakeholders should prepare for ripple effects — from slower EV adoption to changes in secondary market demand. 

Final Thoughts 

The “One Big Beautiful Bill” may save some consumers money, cost others more, and create new uncertainty between federal and state regulations. For the automotive market as a whole, it marks a turning point — away from EV incentives and strict emissions enforcement, and toward a looser regulatory environment. 

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