End Taxpayer Subsidies for Electric Vehicles Act 2023-10-04 Introduced in Senate End Taxpayer Subsidies for Electric Vehicles Act

This bill eliminates the tax credit for the purchase of a qualified new clean vehicle. 

Under current law, a nonrefundable tax credit of up to $7,500 is allowed for the purchase of a vehicle that

  • is acquired new and for use by the taxpayer;
  • is made by a qualified manufacturer;
  • weighs less than 14,000 pounds;
  • is manufactured primarily for use on public streets, roads, and highways;
  • is powered significantly by an electric motor with a battery capacity of seven kilowatt hours or more;
  • is capable of being recharged from an external source of electricity; and
  • has final assembly occurring within North America.  
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