Washington : Senate Republicans have proposed an amendment to the US tax and budget bill that would eliminate existing federal tax credits for electric vehicle (EV) purchases.
The revised proposal would end the $7,500 credit for new EVs starting September 30, and cancel the $4,000 credit for used vehicles.
This marks a significant departure from former President Joe Biden’s policies supporting clean energy and carbon emissions reduction.
The original proposal had set a 180 day phase out period, with immediate termination of credits for leased vehicles not meeting North American manufacturing criteria.
The move is part of a broader Republican campaign against green energy policies, with critics arguing such incentives distort markets and cost taxpayers billions.
he amendment is expected to spark political and environmental debate ahead of the upcoming presidential election.