House Republicans are proposing a plan to eliminate federal electric vehicle (EV) tax credits and roll back fuel efficiency standards to promote cleaner transportation.
The proposal includes eliminating the $7,500 tax credit for new EV buyers and $4,000 credit for used EVs, with exceptions for automakers that haven't sold 200,000 electric vehicles yet.
Critics, like Genevieve Cullen, president of the Electric Drive Transportation Association, warn that removing federal EV incentives could give international competitors like China an advantage and harm domestic innovation and job creation.
The Republican plan also aims to eliminate a loan program supporting advanced technology vehicles, rescind corporate fuel economy standards, and greenhouse gas rules, which could impact the U.S. auto industry's competitiveness globally.