Fair SHARE Act of 2025

This bill creates two new taxes on electric vehicles. It adds a $1,000 tax when someone buys an electric vehicle and a $550 tax when someone buys a large battery module (over 1,000 pounds) for an electric vehicle. The money collected from these taxes would go to the Highway Trust Fund, which pays for road and transportation projects. The bill defines electric vehicles as cars and light trucks under 8,500 pounds that run on batteries with at least seven kilowatt hours of power and plug in to charge. Hybrid vehicles that use both fuel and batteries would not be taxed under this bill.

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