The Fair SHARE Act would impose a $1,000 tax on each qualifying electric vehicle sold by its manufacturer, producer, or importer. It would also impose a $550 tax on each battery module weighing more than 1,000 pounds that is intended for use in an electric vehicle. The bill excludes certain hybrid vehicles and applies to sales after December 31, 2025. It directs the tax revenue to the Highway Trust Fund.
The taxes would apply to qualifying vehicle and battery sales, not directly to vehicle owners under the bill's terms. The text does not say whether sellers would pass the taxes on to buyers.
The tax would be $1,000 per qualifying electric vehicle and $550 per qualifying battery module. No publicly available information about total costs.
No publicly available information.
No publicly available information.