Electric CARS Act of 2019
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Electric Credit Access Ready at Sale Act of 2019 or the Electric CARS Act of 2019
This bill modifies and extends several tax credits related to electric cars.
The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2029. In addition, the bill modifies the credit to
- remove the limitation on the number of vehicles per manufacturer that are eligible for the credit,
- allow a taxpayer to assign the credit to a financing entity, and
- allow an unused credit to be carried forward for five years.
The bill also extends through 2029 the tax credits for (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 993: Electric CARS Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-993/
"S. 993: Electric CARS Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-993/.
S. 993, 116th Cong. (2026), https://openamerica.io/bill/116-S-993/.
[S. 993: Electric CARS Act of 2019](https://openamerica.io/bill/116-S-993/)