Michael F. Donoughe Tax Credit for Off Road Electric Vehicles Act

This bill creates a new federal tax credit for purchasers of qualifying off-road electric vehicles. It allows a credit equal to 10% of the vehicle's cost or $2,500 (whichever is lower) for new, qualified off-road plug-in electric vehicles placed in service after December 31, 2023. To qualify, vehicles must weigh under 3,500 pounds, have 3+ wheels, be designed for rough terrain (not public roads), and meet specific technical requirements. The credit applies only to off-road vehicles, not standard highway vehicles, and is limited to one credit per vehicle. This policy directly affects buyers of new off-road electric vehicles meeting these specifications.