https://www.cnet.com/roadshow/news/driving-america-forward-act-boost-ev-tax-incentives/

Tesla and GM are likely quite excited at the prospect of offering better incentives to potential buyers.

The price tag for this bill is estimated at $11.4 billion, nearly all of which will go toward the EV tax credit extensions, according to Reuters. As with the current tax-credit scheme, it's worth noting that this is not a one-time, point-of-sale vehicle discount. Rather, it's a dollar-for-dollar reduction of a person's federal tax liability. People who do not pay that much in federal taxes will not realize the credit's full value.