S. 4237, also known as the "Eliminate Lavish Incentives To Electric Vehicles Act" or the "ELITE Vehicles Act," aims to remove tax credits related to clean vehicles from the Internal Revenue Code of 1986. This bill proposes to repeal the tax credit for new and previously-owned...
Simple Explanation
S. 4237, also called the "ELITE Vehicles Act," is a proposal to stop giving money back to people and companies when they buy electric cars or charging stations, which might make people less likely to choose cars that are better for the environment.