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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Introduced (Senate)View official text

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Timeline

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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