CONGRESS FOR VOTERS

RepublicanBill · S. 541· Senate(119-S-541)

ELITE Vehicles Act

Rep. Barrasso
Age: 74 years
Wyoming
Introduced
2/12/2025
Last activity
2/12/2025 — Read twice and referred to the Committee on Finance.
Sponsored by
John Barrasso
Cosponsors
Republican - 14Democrat - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill is known as the Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act. It amends the Internal Revenue Code of 1986 to repeal the tax credit for new clean vehicles. The bill also repeals the tax credit for previously owned clean vehicles. Additionally, it repeals the credit for qualified commercial clean vehicles. The legislation excludes electric vehicle recharging property from the alternative fuel vehicle refueling property credit. These changes apply to vehicles and property purchased, or under a written binding contract to purchase, after the date that is 30 days after the date of enactment.

Yes

  • Does this reduce what the federal government spends?+5

    The bill reduces government spending by repealing several clean vehicle tax credits.

The opposite· 3 of 7

  • Does this cut the pollution that drives climate change?-5

    The repeal of electric vehicle tax credits and recharging property credits may reduce the adoption of electric vehicles, potentially increasing carbon emissions.

  • Does this put more money into wind, solar and other renewable power?-5

    Removing incentives for electric vehicles reduces the financial impetus for renewable energy-powered transportation.

  • Does this raise the taxes companies pay?-5

    The bill repeals the tax credit for qualified commercial clean vehicles, which increases the net cost for companies purchasing electric fleets.