S. 536 aims to amend the Internal Revenue Code to introduce a tax on the sale of electric vehicles and their batteries in the United States. It proposes a $1,000 tax on each electric vehicle and a $550 tax on each battery module weighing over 1,000 pounds sold by...
Simple Explanation
The bill wants to add a special tax on electric cars and their big batteries, which means you have to pay extra money if you buy them. This extra money will be used to help take care of roads and highways.