Two Senate bills aim to increase electric vehicle (EV) costs: one to eliminate the $7,500 tax credit and another to impose a $1,000 fee on purchases. Sponsored by Senators Barrasso and Fischer, the proposals reflect Republican efforts to counter the Biden administration's EV policies, which Trump previously sought to erase through executive orders. The Barrasso bill would also end credits for used EVs and charging stations, while Fischer's bill addresses tax inequities in EV funding for infrastructure projects. Together, these measures demonstrate a significant shift in EV support from federal policy to financial barriers.
The first bill would eliminate the $7,500 EV tax credit, while a second would impose a $1,000 tax on the purchase of any new EV.
Barrasso's bill is called the Eliminating Lavish Incentives to Electric (ELITE) Vehicles Act, as it seeks to abolish multiple EV-related tax credits.
Fischer's Fair Sharing of Highways and Roads for Electric Vehicles Act would impose a fee because EV owners do not contribute to gas taxes supporting infrastructure.
These proposals signify a growing Republican effort to dismantle the Biden administration's EV policies, moving from executive orders to congressional action.
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