Bill > HR1253

This bill, known as the "Fair SHARE Act of 2025," proposes to impose a new tax on electric vehicles and their battery modules as a way to contribute to highway infrastructure funding. Specifically, the bill would create a $1,000 tax on each electric vehicle sold by manufacturers, producers, or importers, and a $550 tax on each battery module weighing over 1,000 pounds intended for use in electric vehicles. The bill defines electric vehicles as light-duty vehicles meeting certain requirements, with an explicit exception for hybrid vehicles that use both an internal combustion engine and a rechargeable energy storage system. The tax would apply to vehicles with a gross vehicle weight rating under 8,500 pounds, and the revenue generated would be transferred to the Highway Trust Fund. The new tax provisions would take effect for sales after December 31, 2025, potentially impacting the cost of electric vehicles and potentially influencing consumer purchasing decisions in the electric vehicle market.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1253/all-info