S. 1229 proposes to change the Internal Revenue Code by removing the clean vehicle credit, which currently offers financial benefits for purchasing electric vehicles. The bill, introduced in the Senate by Mr. Paul, aims to end these subsidies by amending several sections of...
Simple Explanation
Congress is thinking about stopping a money helper called the "clean vehicle credit" that helps people buy electric cars, which might make these cars cost more. This change would apply to cars bought after the new rule is passed.