House GOP Advances Sam Graves' Proposal To Impose $250 Annual Fee On EVs, Spares Gas-Powered Cars - Tesla (NASDAQ:TSLA)

Transportation committee advances proposal with fee on EVs

The House Transportation and Infrastructure Committee on Wednesday, April 30 approved a budget reconciliation proposal that includes a $250 annual fee on electric vehicles. The overall proposal, which now will be sent to the House Budget Committee, aims to reduce the national deficit while stabilizing revenue sources for the Highway Trust Fund. The proposal advanced by a party-line vote of 36-30. “Today the Committee took decisive action in supp…

Republicans Want A New $250 Tax On Electric Vehicles

Congress is gearing up to impose a new $250 tax on electric vehicles, having dropped the whole idea of being against taxes.

Republicans want Tesla owners to pay $250 each towards Trump's tax bill

The new fee on electric vehicles would predominantly affect Tesla owners, as they are the majority of EV drivers in the U.S.

House GOP Advances Sam Graves' Proposal To Impose $250 Annual Fee On EVs, Spares Gas-Powered Cars - Tesla (NASDAQ:TSLA)

Republicans in the U.S. House of Representatives advanced a reform proposed by Rep. Sam Graves (R-MO), which tabled a $250 annual fee on all EVs. What Happened: The House Transportation and Infrastructure Committee advanced the proposal, but dropped the $20 yearly fee charged to all owners, including Internal Combustion Engine or ICE car owners, from the proposal in the U.S., Reuters reported on Thursday. The committee approved the bill followin…

House Transportation Panel Advances Bill to Impose $250 EV Fee

The House Transportation and Infrastructure Committee voted in favor of its portion of a wide-ranging reconciliation bill to advance President Donald Trump’s agenda on April 30. The 36–30 vote was cast after a nearly seven-hour full committee markup hearing that heard dozens of proposed amendments. Included in the passing legislation was the introduction of new annual registration fees for electric vehicles (EVs) and hybrids that would help fund…

House Transportation Committee Approves Revised HTF Revenue Legislation

What happened: On a party-line vote, the House Transportation & Infrastructure (T&I) Committee April 30 moved their portion of the Republican reconciliation package that includes: ·      $250 annual registration fee on electric cars and light trucks; and ·      $100 annual registration fee on hybrid cars and light trucks. Both are indexed for inflation, with resources dedicated to the Highway Trust Fund (HTF). The legislation was amended from an…