H. R. 1367, 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 tax credits for different types of clean vehicles. This includes repealing credits for new,...
Simple Explanation
The ELITE Vehicles Act is a plan to stop giving people extra money back from taxes when they buy new electric cars or build places to charge them, which might make fewer people want to use clean cars.