The bill would create a $1,000 tax on each electric vehicle sold by its manufacturer, producer, or importer. It would also create a $550 tax on each battery module weighing more than 1,000 pounds that is intended for use in an electric vehicle. The bill defines electric vehicles as certain light-duty vehicles under 8,500 pounds and excludes hybrid vehicles. The tax revenue would go to the Highway Trust Fund. The taxes would apply to sales after December 31, 2025.
If you buy an electric vehicle or a qualifying battery module, the bill would tax the sale by the manufacturer, producer, or importer. The bill does not specify whether or how that tax would affect prices paid by buyers.
The bill sets a tax of $1,000 per electric vehicle and $550 per qualifying battery module. No publicly available information is provided about other costs or revenue estimates.
No publicly available information.
No publicly available information.