S541119th CongressWALLET

ELITE Vehicles Act

Sponsored By: Senator John Barrasso

Introduced

Summary

Ends federal tax breaks for electric and other clean vehicles and for EV charging installations. This bill would repeal federal tax credits for new and used clean vehicles, commercial clean vehicles, and for electric vehicle recharging property.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 3 costs, 0 mixed.

Define tribal governments for energy deduction

If enacted, the bill would add a definition of "Indian tribal government" for the energy-efficient commercial building deduction. The definition uses the list of federally recognized tribes under the Federally Recognized Indian Tribe List Act of 1994. This would help named tribal governing bodies use the 179D deduction for qualifying commercial buildings.

Buyers lose new and used clean-car credits

If enacted, the bill would repeal the federal tax credits for new clean vehicles and for previously‑owned clean vehicles. The repeal would apply to vehicles purchased, or for which a binding written contract was entered into, more than 30 days after enactment. If you planned to claim these credits, your cost to buy a qualifying new or used clean car could be higher.

Homeowners, businesses lose EV charger credit

If enacted, the bill would remove electric vehicle recharging property from the federal refueling property tax credit. The change would apply to property purchased, or for which a binding written contract was entered into, more than 30 days after enactment. Homeowners, installers, and businesses that planned to use the credit could pay more to buy or install chargers.

Businesses lose commercial clean-vehicle credit

If enacted, the bill would repeal the federal tax credit for qualified commercial clean vehicles. The repeal would apply to vehicles purchased, or for which a binding written contract was entered into, more than 30 days after enactment. Businesses that planned to claim the credit could face higher after‑tax costs when buying those vehicles.

Sponsors & CoSponsors

Sponsor

John Barrasso

WY • R

Cosponsors

  • John Thune

    SD • R

    Sponsored 2/12/2025

  • Tom Cotton

    AR • R

    Sponsored 2/12/2025

  • Shelley Capito

    WV • R

    Sponsored 2/12/2025

  • James Lankford

    OK • R

    Sponsored 2/12/2025

  • Cynthia Lummis

    WY • R

    Sponsored 2/12/2025

  • Kevin Cramer

    ND • R

    Sponsored 2/12/2025

  • Tim Sheehy

    MT • R

    Sponsored 2/12/2025

  • Pete Ricketts

    NE • R

    Sponsored 2/12/2025

  • Joni Ernst

    IA • R

    Sponsored 2/12/2025

  • Bill Cassidy

    LA • R

    Sponsored 2/12/2025

  • Roger Marshall

    KS • R

    Sponsored 2/12/2025

  • Thomas Tillis

    NC • R

    Sponsored 2/12/2025

  • John Hoeven

    ND • R

    Sponsored 2/12/2025

  • Rick Scott

    FL • R

    Sponsored 2/12/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov

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