S. 541: ELITE Vehicles Act

119th Congress · introduced 2025-02-12 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Official title

ELITE Vehicles Act

Plain summary

Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act This bill eliminates federal tax credits for the purchase of certain clean vehicles (generally electric vehicles and plug-in hybrid vehicles) and electric vehicle recharging stations. Specifically, the bill repeals the federal tax credits for the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033), the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033), the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and alternative fuel vehicle refueling property used to recharge electric vehicles (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 that is used to recharge electric vehicles).

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

ELITE Vehicles Act

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Barrasso, John [R-WY] · 14 cosponsors

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Words on this page, explained (1)

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Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119s541.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/s>

Record fed-us-cong119-s541 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills