Senate Republicans have introduced two bills aimed at eliminating electric vehicle (EV) tax credits and instead imposing a $1,000 fee on manufacturers to repair roads. The proposed changes are part of an effort to reduce the financial burden on American taxpayers and protect domestic industries.
The Eliminating Lavish Incentives to Electric (ELITE) Vehicles Act, sponsored by Senators John Barrasso and John Thune, would repeal the $7,500 EV tax credit currently in place. The bill’s supporters argue that the credits are unfair to Americans who cannot afford expensive electric cars.
Meanwhile, Senator Deb Fischer has introduced the Fair SHARE Act, which proposes a one-time fee of $1,000 on all-electric vehicles at the point of sale to contribute to the Highway Trust Fund. The bill aims to promote fairness and equity in funding road maintenance, with EVs paying their fair share like traditional gas-powered cars.
The move is seen as a response to the Biden administration’s investments in electric vehicle charging infrastructure and promotion of clean energy transportation methods. In contrast, the Trump administration had previously frozen electric vehicle charging funds and warned against a major switch from traditional gas-fueled cars.
Source: https://thehill.com/homenews/senate/5144019-senate-republican-bill-kill-ev-tax-credit