It could be the end of the road soon for a key tax credit that provides up to $7,500 to buyers of electric vehicles — and one forecasting firm is offering an estimate for when it might run out.

The $7,500 electric vehicle tax credit the Biden administration introduced under the Inflation Reduction Act (IRA) has been a game-changer for American drivers seeking affordable entry into the clean energy revolution.

As the incoming Trump administration prepares to make aggressive cuts to government spending, one major provision of the landmark Inflation Reduction Act appears to be on the chopping block: the consumer tax credit for purchasing an electric vehicle.