ELITE Vehicles Act

The ELITE Vehicles Act would repeal federal tax credits for purchasing electric vehicles and related infrastructure. Specifically, it eliminates the existing credit for new electric vehicles (previously under Section 30D), the credit for previously-owned clean vehicles (Section 25E), and the credit for commercial clean vehicles (Section 45W). It also removes electric vehicle recharging stations from the alternative fuel refueling credit. These changes would take effect 30 days after enactment, directly affecting individuals and businesses that currently claim these tax benefits when buying or installing qualifying electric vehicle equipment.