This bill would remove several federal tax credits that apply to electric and other clean vehicles. It strikes section 30D (the credit for new clean vehicles), section 25E (the credit for previously‑owned clean vehicles), and section 45W (the credit for qualified commercial clean vehicles) from the Internal Revenue Code. It also changes section 30C to exclude electric vehicle recharging property from the alternative fuel vehicle refueling property credit and makes several conforming amendments to related code provisions. The repeals and exclusions would apply to vehicles or charging property purchased, or for which a written binding contract was entered into, after the date that is 30 days after the act is signed into law.
If enacted, people and businesses buying new clean vehicles, used clean vehicles, or qualified commercial clean vehicles after the effective date would not be able to claim the tax credits that this bill removes. Owners or buyers of electric vehicle recharging equipment purchased after the effective date would not be able to claim that equipment under the alternative fuel refueling property credit. The bill text does not include implementation details beyond the code changes and effective dates.
No publicly available information on budgetary costs or savings is included in the bill text provided. The text makes code changes but does not contain estimates of fiscal effects.
No publicly available information on proponents' detailed statements or policy arguments is included in the text provided. The bill's short title is "Eliminate Lavish Incentives To Electric Vehicles Act," and the bill was introduced in the Senate by the listed sponsors.
No publicly available information on opponents' statements or counterarguments is included in the text provided.