ELITE Vehicles Act

This bill would eliminate federal tax credits that people and businesses can currently get for buying electric vehicles and plug-in hybrid vehicles. It would also end tax credits for installing electric vehicle charging stations. The tax credits being eliminated include up to $4,000 for buying a used clean vehicle, up to $7,500 for buying a new clean vehicle, up to $40,000 for businesses buying commercial clean vehicles, and up to $1,000 for individuals or $100,000 for businesses to install electric vehicle charging equipment.

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