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Ending Double Subsidies for Electric Vehicles

This act aims to prevent electric vehicle manufacturers from receiving both tax credits and other forms of federal financial support. This means if a manufacturer receives a loan or grant for clean vehicle development, they cannot also claim tax credits related to producing those vehicles. These changes will apply starting from the 2023 tax year.
Key points
Electric vehicle manufacturers cannot simultaneously benefit from tax credits and certain federal loans or grants.
The goal is to avoid situations where the same project receives financial support from multiple government sources.
These changes affect manufacturers, not directly electric vehicle buyers, but could impact vehicle availability and prices in the future.
The new rules take effect starting with the 2023 tax year.
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Additional Information
Print number: 117_S_4939
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2022-09-22
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ending Duplicative Subsidies for Electric Vehicles Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4939.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-22.

What are the main provisions?

Key points include:

  • Electric vehicle manufacturers cannot simultaneously benefit from tax credits and certain federal loans or grants.
  • The goal is to avoid situations where the same project receives financial support from multiple government sources.
  • These changes affect manufacturers, not directly electric vehicle buyers, but could impact vehicle availability and prices in the future.
  • The new rules take effect starting with the 2023 tax year.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Thune, John [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Environment Economy