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S 536 United States Senate · 119th Congress

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, producers, or importers. It directly affects EV manufacturers and battery suppliers, with taxes applying to sales after December 31, 2025. Revenue from these taxes will be transferred to the Highway Trust Fund. The bill excludes hybrid vehicles that use both internal combustion engines and rechargeable batteries from the electric vehicle definition.
Issues: ✓ Budget & TaxesSupports Budget & TaxesImposes new taxes on EVs/batteries to fund Highway Trust Fund, directly advancing fiscal management through dedicated revenue allocation for infrastructure.95% confidence ✗ EnergyOpposes EnergyTaxing EVs and batteries increases costs for clean energy adoption, hindering renewable transportation infrastructure growth.90% confidence ✗ EnvironmentOpposes EnvironmentTaxing EVs and batteries discourages adoption of cleaner transportation, with revenue funding highways instead of environmental initiatives.85% confidence ✗ TechnologyOpposes TechnologyTax on EVs/batteries increases costs for manufacturers, hindering adoption and growth of electric vehicle technology, a core tech sector.95% confidence ✓ TransportationSupports TransportationBill imposes taxes on EVs/batteries to fund Highway Trust Fund, directly advancing road infrastructure funding per Transportation topic description.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
President
Introduced Feb 12, 2025 Last action Feb 12, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Feb 12, 2025
Committee
Read twice and referred to the Committee on Finance.
upper
Feb 12, 2025
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Deb Fischer
Deb Fischer
RRepublican
NE
n/a
Co
Photo of Cynthia M. Lummis
Cynthia M. Lummis
RRepublican
WY
n/a
Co
Photo of Pete Ricketts
Pete Ricketts
RRepublican
NE
n/a