Bill > HR2566

This bill seeks to completely eliminate the Clean Vehicle Credit, which is a tax incentive in the U.S. tax code that provides financial credits to consumers who purchase electric vehicles. Specifically, the bill would repeal Section 30D of the Internal Revenue Code, which currently provides tax credits for electric vehicle purchases. The legislation, titled the "End Taxpayer Subsidies for Electric Vehicles Act," would make several conforming amendments to remove references to the electric vehicle credit across various sections of the tax code, effectively ending the financial incentive for electric vehicle purchases. The bill's provisions would apply to vehicles placed in service during any calendar year after the date of its enactment, meaning that from that point forward, taxpayers would no longer be able to claim the credit when purchasing electric vehicles. By removing these tax credits, the bill aims to eliminate government financial support for electric vehicle purchases, potentially impacting consumer decisions and the electric vehicle market.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2566/all-info