End Taxpayer Subsidies for Electric Vehicles Act

HR 2566, the "End Taxpayer Subsidies for Electric Vehicles Act," would repeal the federal tax credit that currently allows consumers to reduce their income tax when purchasing new electric vehicles. This credit, known as the clean vehicle credit under Section 30D of the Internal Revenue Code, has directly affected buyers of qualifying electric vehicles by lowering their purchase costs. The bill removes this credit entirely, meaning future buyers would no longer receive this tax benefit for new electric vehicle purchases. The repeal would apply to vehicles placed in service after the bill's enactment date, with minor technical adjustments to other tax code sections referencing the repealed credit.