S. 1229, the "End Taxpayer Subsidies for Electric Vehicles Act," would eliminate the federal tax credit for clean vehicle purchases by repealing Section 30D of the Internal Revenue Code. This credit currently allows eligible buyers to claim up to $7,500 on their federal taxes when purchasing qualifying electric or fuel-cell vehicles. The bill would affect millions of American consumers who currently benefit from the incentive, as well as the electric vehicle industry that has relied on the credit to boost sales. The repeal would take effect for all vehicles purchased after the bill becomes law, with no phased-out timeline. No funding is allocated or removed by this bill; rather, it eliminates an existing tax benefit, which would increase federal tax revenue but reduce consumer incentives for EV purchases.
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