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U.S. Bill Would Double EV Tax Credit to $15,000
A bill introduced in the U.S. House of Representatives would restore and make permanent the federal EV tax credit, doubled: $15,000 for new vehicles and up to $8,000 for used ones. The 21st Century Vehicle Choice Act, from Rep. Greg Landsman (D-OH), was introduced on October 22 with backing from more than 160 Democrats. It keeps the structure of the 2022 Inflation Reduction Act credit: only vehicles meeting both battery and critical mineral requirements would receive the full $15,000.…
- New-EV credit would rise from $7,500 to $15,000
- Bill only referred to committees; needs both chambers and presidential signature
🔎 Why it matters: The 21st Century Vehicle Choice Act would restore the $7,500 credit that ended under Trump's One Big Beautiful Bill Act. The source says it would help EV-only brands like Tesla and Rivian, but it is not yet law.
📈 Upside: For new-EV buyers, the credit would rise from $7,500 to $15,000, and the charging equipment credit from 30% to 50% of eligible costs.
📉 Risk: It is nearly identical to Landsman's October 2024 bill, which never left committee, and the Trump administration considers the credits wasteful spending.
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