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Democrats Introduce Bill to Restore and Double US EV Tax Credit
Democratic Representative Greg Landsman of Ohio introduced H.R. 10881, known as the 21st Century Vehicle Choice Act, which would restore the federal electric vehicle tax credit and double it to US$15,000. The new-vehicle credit would rise from US$3,750 to US$7,500 per component, although buyers could claim it only once. Income limits would fall to US$225,000 for married couples filing jointly and US$112,500 for single filers.…
- New-vehicle credit: from US$7,500 to US$15,000, claimable only once per buyer
- Single-filer income cap would drop from US$150,000 to US$112,500
🔎 Why it matters: H.R. 10881 would double the federal EV credit and make all three incentives permanent, but it has only been introduced and referred to the Ways and Means, Energy and Commerce, and Natural Resources committees.
📈 Upside: The new-vehicle, used-vehicle, and charging incentives would become permanent, with higher amounts for each.
📉 Risk: Income caps would fall to US$225,000 and US$112,500, excluding buyers with incomes between the new and current limits.
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