ELITE Vehicles Act

The ELITE Vehicles Act (HR 10516) repeals three federal tax credits for electric vehicles: one for new clean vehicles (Section 30D), one for previously-owned clean vehicles (Section 25E), and one for commercial clean vehicles (Section 45W). It also removes tax credit eligibility for electric vehicle recharging infrastructure under Section 30C. These changes take effect 30 days after the bill’s enactment, eliminating tax benefits for individuals and businesses purchasing or contracting for eligible electric vehicles or charging equipment after that date. The bill directly affects consumers, dealers, and manufacturers who previously claimed these credits.