S 541 119th Congress Senate Taxation

ELITE Vehicles Act

Introduced: February 12, 2025 Introduced by: Barrasso, John Republican · Wyoming See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 12, 2025

Read twice and referred to the Committee on Finance.

Feb 12, 2025

Introduced in Senate

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Plain-English summary Congressional Research Service

Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act

This bill eliminates federal tax credits for the purchase of certain clean vehicles (generally electric vehicles and plug-in hybrid vehicles) and electric vehicle recharging stations.

Specifically, the bill repeals the federal tax credits for

the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033),
the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033),
the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and
alternative fuel vehicle refueling property used to recharge electric vehicles (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 that is used to recharge electric vehicles).

What's happening now February 12, 2025

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Lobbying activity 15

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CASE NEW HOLLAND INDUSTRIAL INC.
for CASE NEW HOLLAND INDUSTRIAL INC · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
CASE NEW HOLLAND INDUSTRIAL INC.
for CASE NEW HOLLAND INDUSTRIAL INC · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
NATIONAL AUTOMOBILE DEALERS ASSOCIATION
for NATIONAL AUTOMOBILE DEALERS ASSOCIATION · Virginia · 4th Quarter (Oct 1 - Dec 31) 2025
CASE NEW HOLLAND INDUSTRIAL INC.
for CASE NEW HOLLAND INDUSTRIAL INC · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025
SYENSQO USA LLC
for SYENSQO USA LLC · Texas · 4th Quarter (Oct 1 - Dec 31) 2025
NATIONAL AUTOMOBILE DEALERS ASSOCIATION
for NATIONAL AUTOMOBILE DEALERS ASSOCIATION · Virginia · 3rd Quarter (July 1 - Sep 30) 2025