The bill, titled the Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act, proposes to change the U.S. Internal Revenue Code by eliminating tax credits provided for the purchase of new, previously-owned, and commercial clean...
Simple Explanation
The ELITE Vehicles Act wants to stop giving money back to people who buy new, used, or commercial electric cars. It also wants to stop helping people who set up places to charge electric cars.