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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
End Taxpayer Subsidies for Electric Vehicles Act
USA118th CongressS-3016| Senate
| Updated: 10/4/2023
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.