Fair SHARE Act of 2025

This bill imposes a $550 tax on each heavy battery module (over 1,000 pounds) and a $1,000 tax on each electric vehicle sold by manufacturers or importers. It excludes hybrid vehicles from the tax definition, as they use both internal combustion engines and rechargeable batteries. The collected revenue would be transferred to the Highway Trust Fund, which finances road and highway maintenance. The tax applies to sales after December 31, 2025.