First of all on the fox: The Republicans of the Chamber take measures to repeal the tax credit for the Biden Administration for Electric Vehicles (EV) of the Biden Administration which “ran the US people bill up to billions Dollars, “Fox News Digital Exclusively learned.
Friday, the representative Jodey Arrington, R-Texas, will introduce the elimination of sumptuous incentives to electricity for electric vehicles, a bill which aims to eliminate the tax credit from the Biden era for new electric vehicles and used and waking up and waste expenditure “.
“Under President Biden and the craziest administration of the climate in the history of our country, the Democrats ran the bill on the US people up to billions of dollars, attaching tax subsidies to vehicles Electrics costly to the failure of the law on inflation reduction “,” Arrington, which is currently chairman of the Chamber’s Budget Committee, told Fox News Digital in a statement.
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Honda unveils its 0 show prototype, a futuristic vehicle concept, during the 2025 electronic consumption show in Las Vegas on January 9, 2025. (Getty Images)
Former President Joe Biden has implemented a tax credit up to $ 7,500 for the purchase of EV under the inflation reduction law in order to push car buyers to select more alternatives green.
However, President Donald Trump has taken over the green Biden era energy policies, and the Congress led by the Republicans seeks to end the use of dollars of taxpayers for EV purchases.
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Arrington’s legislation aims to prevent taxpayers’ money from subsidizing the purchase of luxury electric vehicles and filling the “flaw” which allows individuals to obtain a tax credit for the rental of an EV.
“I will stay on a mission to repeal documents on the Green New Deal climate with other waking and unnecessary spending programs while we remain budgetary mental health, rethought prosperity and makes America again,” said the congressman.
Representative Jodey Arrington, R-Texas, leaves the meeting of the House Republican Conference at the Capitol Hill Club on Wednesday May 16, 2018. (Getty Images)
The bill, joined by several members of the way and means committee, aligned with a decree recently issued by Trump ending Biden’s mandate that 50% of all new cars sales are EVS by 2030.
In the midst of rumors according to which Trump planned to eliminate EV credit in November, Tim Stewart, president of the US Oil & Gas Association, a group promoting public policy in the name of the natural gas industry, suggested That behind the scenes, car groups and consumers could feel relieved if EV credit was repealed.
“Losing $ 70,000 on an EV is not a winning commercial model and American car manufacturers know it,” Stewart told Fox News Digital. “The EV tax credit was the only way to attract consumers to” maybe “buy something they really didn’t want to, but the people of Biden had to buy.”
President Donald Trump recently signed a decree ending former President Joe Biden that 50% of all new car sales are electric vehicles by 2030. (Scott Olson)
Stewart said that the EV tax credit gives members of the automotive industry the possibility of returning to traditional production lines.
CEO of Tesla Elon MuskWho leads the Ministry of Effectiveness of the newly trained government of Trump, revealed in July that it supports getting rid of the credit. “Remove the subsidies,” Musk posted on X, saying “it will only help Tesla.”
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Companies that are financially healthy, like Tesla, could benefit if the rules of the game for electric vehicles are reduced, while small businesses rely on the tax credit for the affordability of consumers could face Reverse, suggested analysts.
