End Taxpayer Subsidies for Electric Vehicles Act

# End Taxpayer Subsidies for Electric Vehicles Act (S 1229) **What the Bill Would Do** This bill would eliminate federal tax credits and subsidies currently available to consumers who purchase electric vehicles (EVs). Under current law, buyers can receive up to $7,500 in federal tax credits when purchasing qualifying EVs. The bill would remove these financial incentives, meaning consumers would no longer receive this government support when buying electric vehicles. **Who It Affects** The bill would directly impact consumers considering EV purchases, who would lose access to federal rebates that currently make electric vehicles more affordable.

It would also affect EV manufacturers and dealers who benefit from increased sales driven by these incentives, as well as the broader auto industry. Indirectly, it could affect climate and energy policy goals that rely on EV adoption to reduce emissions. **Current Status** The bill was introduced in the 119th Congress by Senator Rand Paul (R-KY) and remains in committee, meaning it has not yet been debated or voted on by the full Senate. No action has been taken on the measure.