Sen. Barrasso introduces bill to eliminate electric vehicle tax credits

Senate Finance Committee member John Barrasso (R-WY) and 18 other Republicans last week introduced a bill that would eliminate tax credits for electric vehicles, claiming the administration’s centerpiece effort to boost domestic production of clean technologies unfairly benefits wealthy Americans. The “ Eliminating Lavish Incentives to Electric (ELITE) Vehicles Act ,” marks the latest step by Republicans to oppose the Biden administration’s efforts to boost the market for EVs. The bill would repeal a $7,500 tax credit for new EVs...