End Taxpayer Subsidies for Electric Vehicles Act
United States118th CongressS-3016Senate
Updated: Oct 4, 2023
Summary
End Taxpayer Subsidies for Electric Vehicles Act This bill eliminates the tax credit for the purchase of a qualified new clean vehicle. Under current law, a nonrefundable tax credit of up to $7,500 is allowed for the purchase of a vehicle that is acquired new and for use by the taxpayer; is made by a qualified manufacturer; weighs less than 14,000 pounds; is manufactured primarily for use on public streets, roads, and highways; is powered significantly by an electric motor with a battery capacity of seven kilowatt hours or more; is capable of being recharged from an external source of electricity; and has final assembly occurring within North America.
Bill texts
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Senate
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