Bill > HR1367

This bill, known as the ELITE (Eliminate Lavish Incentives To Electric Vehicles) Vehicles Act, proposes to completely eliminate existing federal tax credits and incentives for electric vehicles across multiple categories. Specifically, the bill would repeal the tax credit for new clean vehicles (section 30D of the Internal Revenue Code), remove the credit for previously-owned clean vehicles (section 25E), and eliminate the credit for qualified commercial clean vehicles (section 45W). Additionally, the bill would exclude electric vehicle recharging property from the alternative fuel vehicle refueling property credit, effectively removing tax incentives for electric vehicle charging infrastructure. These changes would apply to vehicles or property purchased, or for which a binding purchase contract has been entered into, 30 days after the act's enactment. The bill aims to remove government financial support for electric vehicles and related infrastructure, which would potentially impact consumer purchasing decisions and the electric vehicle market by making these vehicles less financially attractive to buyers. The proposed changes would modify several sections of the Internal Revenue Code to systematically strip away existing tax credits and incentives designed to promote electric vehicle adoption.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1367/all-info