Dems introduce new $15,000 EV tax credit bill that has no chance — and that’s a problem
Rep. Greg Landsman introduced the "21st Century Vehicle Choice Act," which would increase the federal EV tax credit to $15,000 for new vehicles and $8,000 for used ones, making both permanent. However, the bill has minimal chances of passage in the current political environment, and consumer expectations around it could potentially disrupt the EV market.
Key points
- Proposed $15,000 new EV tax credit
- Proposed $8,000 used EV tax credit
- Bill unlikely to pass soon
- Market uncertainty risk
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Electrek did the reporting; read the original for the full story.
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