S 3016
118th Congress
Senate
Taxation
End Taxpayer Subsidies for Electric Vehicles Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 4, 2023
Read twice and referred to the Committee on Finance.
Oct 4, 2023
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1