S. 541 119th Congress Senate

ELITE Vehicles Act

Official title: A bill to amend the Internal Revenue Code of 1986 to repeal the credit for new clean vehicles, and for other purposes.

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

Taxation

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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What's happening now February 12, 2025

Read twice and referred to the Committee on Finance.

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).

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 16

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

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
16 filings
SENATE
16 filings
U.S. Trade Representative (USTR)
15 filings
Environmental Protection Agency (EPA)
14 filings
Treasury, Dept of
14 filings
Commerce, Dept of (DOC)
11 filings
Energy, Dept of
8 filings
State, Dept of (DOS)
8 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 16 filings →

Cosponsors 14