US EditionSenate Republicans seek to end EV tax credit by September 30
- Senate Republicans have proposed to end the $7,500 tax credit for new electric vehicles by September 30, moving the deadline from December 31 in the House version.
- This revised tax and budget bill also aims to cancel the $4,000 tax credit for used electric vehicles by the same date.
- The House version would allow the new-EV tax credit to continue through the end of 2025 and the end of 2026 for certain automakers.
- Senate Republicans decided not to require the U.S. Postal Service to discontinue electric vehicles and charging equipment after a ruling by the Senate parliamentarian.
15 Articles
15 Articles
Senate Republicans Seek to End EV Tax Credit by September 30
Senate Republicans Challenge Electric Vehicle Tax Credits
Senate Republicans have introduced a revised tax and budget bill proposing the end of tax credits for new and used electric vehicles starting September 30. This move contrasts with former President Biden's policy encouraging EV adoption to combat climate change by reducing emissions.
US Senate Republicans propose ending electric vehicle tax credits
Washington : Senate Republicans have proposed an amendment to the US tax and budget bill that would eliminate existing federal tax credits for electric vehicle (EV) purchases. The revised proposal would end the $7,500 credit for new EVs starting September 30, and cancel the $4,000 credit for used vehicles. This marks a significant departure from former President Joe Biden’s policies supporting clean energy and carbon emissions reduction. The ori…
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