California business attorney Parag L. Amin of LawPLA joined Fox 2 to analyze the sweeping legal and economic implications of President Trump’s historic budget legislation as Congress debated eliminating EV tax credits in May 2025. Attorney Parag provided crucial insights into how the abrupt end of the popular $7,500 tax credit could reshape the automotive market and impact business owners across Southern California
Amin warned that removing the EV tax credit could trigger a dramatic 25-40% drop in electric vehicle sales, creating significant challenges for California businesses with EV fleets or supply chain investments. With credits originally set to remain until 2032 but potentially ending by late 2025, only smaller automakers like Rivian, Lucid, and Polestar would still benefit from reduced credits in 2026. This Fox 2 news segment showcased Amin’s expertise in business law and economic analysis, helping Southern California entrepreneurs understand how federal policy changes directly impact their strategic planning and bottom line.
Watch the full Fox 2 segment to hear Parag Amin’s complete analysis and learn how your business can navigate these significant policy shifts.
