H.R. 10516, known as the “Eliminate Lavish Incentives To Electric Vehicles Act” or the “ELITE Vehicles Act,” proposes changes to the Internal Revenue Code of 1986 by removing the tax credits for various clean vehicles. It aims to repeal credits for new, previously-owned, and...
Simple Explanation
H.R. 10516 wants to stop giving money back to people who buy certain clean cars or set up charging stations, which might make it harder for people to choose cars that are better for the Earth.