End Taxpayer Subsidies for Electric Vehicles Act
This bill repeals the federal tax credit that reduces the cost of purchasing electric vehicles, specifically eliminating Internal Revenue Code Section 30D. It directly affects consumers who buy new electric vehicles, as they would no longer qualify for this tax benefit after the bill's enactment. The key mechanism is removing Section 30D from the tax code, with the change applying to vehicles placed in service after the bill becomes law. This eliminates a specific federal subsidy for EV buyers, shifting the cost entirely to consumers without altering other vehicle incentives.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2023
Committee Review
Floor Vote
President
Introduced Oct 4, 2023
Last action Oct 4, 2023
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Oct 4, 2023
Committee
Read twice and referred to the Committee on Finance.
upper
Oct 4, 2023
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Rand Paul
RRepublican
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