End Taxpayer Subsidies for Electric Vehicles Act

This bill would end the federal tax credit for “clean vehicles” (like many electric cars) by removing the clean vehicle credit from the tax code. It also adjusts other parts of the tax code to reflect that change.

The change would start for vehicles put into service in calendar years that begin after the date the bill becomes law. In plain terms, if it became law during a year, the credit would stop for vehicles placed in service starting the next calendar year and beyond.

• Who is affected: People planning to buy qualifying clean vehicles in future years, and related businesses.
• What changes: The federal clean vehicle tax credit would be repealed.
• When: Applies to vehicles placed in service during any calendar year that begins after the bill is enacted.