ELITE Vehicles Act
Latest action (Feb 12, 2025) — Read twice and on Finance.
What it does
Congressional Research Service, Feb 12, 2025Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act
This bill eliminates federal tax credits for the purchase of certain clean vehicles (generally electric vehicles and plug-in hybrid vehicles) and electric vehicle recharging stations.
Specifically, the bill repeals the federal tax credits for
the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033),the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033),the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), andalternative fuel vehicle refueling property used to recharge electric vehicles (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 that is used to recharge electric vehicles).
Face Value
as introducedHow much of this bill its name accounts for.
- Every bill starts at100
- Nothing counted against it: one area of law, and short enough that length doesn't register.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
Who lobbied on this
1 organizationThese organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.
- National Automobile Dealers Associationno position stated
“…Act") Proposals, legislation and regulation regarding electric vehicle tax credits and tax credits for electric commercial vehicles (H.R. 1367/S.541, "The ELITE Vehicles Act") Legislative proposals affecting business tax measures, bonus depreciation and interest deductibility (no bill)…” filing ↗
Most filings say only that an organization lobbied on a bill, not which side it took — where that's the case we say so rather than guessing. Quotes are verbatim from the filing. How this is built.
Discussion
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