Bills · HR 1367
IN COMMITTEE· 119TH CONGRESS
House BillHR 1367Taxation
ELITE Vehicles Act
INTRO FEB 14· LAST ACTION FEB 14
READING
5MIN
COSPONSORS
13
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it would remove financial incentives intended to make electric vehicles and their charging infrastructure more affordable and accessible. If it becomes law, it would likely increase the effective cost of buying an EV for both consumers and businesses, potentially slowing down the adoption rate of electric vehicles in the United States. This could have implications for the automotive industry, energy consumption patterns, and national efforts to reduce carbon emissions from transportation.
If the bill passes, purchasing an EV or installing a home charger will be more expensive than it is currently, which might limit access to cleaner transportation options for a broader segment of the population. If the bill does not pass, the existing tax credits will continue to offer financial encouragement for individuals and businesses to choose cleaner vehicles and build out the necessary charging network.
KEY PROVISIONS
4AI-extractedPROVISION 01
Repeals the federal tax credit for new clean vehicles (Section 30D of the Internal Revenue Code).
This makes new electric vehicles more expensive for individual buyers by eliminating a significant financial incentive.
PROVISION 02
Eliminates the federal tax credit for previously-owned clean vehicles (Section 25E of the Internal Revenue Code).
This increases the cost of used electric vehicles, which are often a more affordable entry point for consumers seeking EVs.
PROVISION 03
Revokes the federal tax credit for qualified commercial clean vehicles (Section 45W of the Internal Revenue Code).
This removes a financial incentive that encourages businesses to transition their vehicle fleets to electric options.
PROVISION 04
Excludes electric vehicle recharging property from eligibility for the alternative fuel vehicle refueling property credit (Section 30C of the Internal Revenue Code).
This removes a tax credit for installing EV charging stations, potentially slowing down the development of charging infrastructure.
SPONSORSHIP
1 + 13
R· Texas
YRS IN OFFICE
9
BILLS LED
59
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 13 IND 0
ACTION TIMELINE
2 EVENTSFEB 14
Introduced in House
FEB 14
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 1367
Congress119th
StatusIn Committee
IntroducedFeb 14, 2025
Last actionFeb 14, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED FEB 14, 2025
House BillHR 1367Taxation
ELITE Vehicles Act
INTRODUCED FEB 14, 2025· LAST ACTION FEB 14, 2025
PASSAGE CHANCES
—%
READING
5 min
COSPONSORS
13
COMPLEXITY
Moderate
