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Search Results: keywords:"hybrid vehicles"

  • H. R. 1253 aims to modify the Internal Revenue Code of 1986 by introducing a tax on the sale of electric vehicles and batteries in the United States. The bill proposes a tax of $1,000 on each electric vehicle and $550 on each battery module over 1,000 pounds sold by...

    Simple Explanation

    H. R. 1253 is a plan to make car and battery companies pay extra money ($1,000 for electric cars and $550 for big batteries) when they sell these items, and this money will help fix roads.

  • 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.