End Taxpayer Subsidies for Electric Vehicles Act

End Taxpayer Subsidies for Electric Vehicles Act

This bill eliminates the tax credit for the purchase of a qualified new clean vehicle. 

Under current law, a nonrefundable tax credit of up to $7,500 is allowed for the purchase of a vehicle that

• is acquired new and for use by the taxpayer;
• is made by a qualified manufacturer;
• weighs less than 14,000 pounds;
• is manufactured primarily for use on public streets, roads, and highways;
• is powered significantly by an electric motor with a battery capacity of seven kilowatt hours or more;
• is capable of being recharged from an external source of electricity; and
• has final assembly occurring within North America.