Advancing Research in Nuclear Fuel Recycling Act of 2025
In Committee
Introduced:Oct 16, 2025
Primary Sponsor
Deb Fischer
Senator
Republican
NE
Cosponsors
0
Quick Stats
Policy Area
Taxation
Summary
This bill would eliminate the existing tax credit of up to $7,500 for the purchase of electric vehicles. If passed, it would no longer provide a financial incentive for Americans to buy electric cars.
Latest Action
Read twice and referred to the Committee on Finance.
AI Summary
Plain-English explanation of this bill
This bill would eliminate the existing tax credit of up to $7,500 for the purchase of electric vehicles. If passed, it would no longer provide a financial incentive for Americans to buy electric cars.
Last updated: 12/29/2025
Official Summary
Congressional Research Service summary
<p><strong>End Taxpayer Subsidies for Electric Vehicles Act</strong></p><p>This bill eliminates the tax credit for the purchase of a qualified new clean vehicle. </p><p>Under current law, a nonrefundable tax credit of up to $7,500 is allowed for the purchase of a vehicle that</p><ul><li>is acquired new and for use by the taxpayer;</li><li>is made by a qualified manufacturer;</li><li>weighs less than 14,000 pounds;</li><li>is manufactured primarily for use on public streets, roads, and highways;</li><li>is powered significantly by an electric motor with a battery capacity of seven kilowatt hours or more;</li><li>is capable of being recharged from an external source of electricity; and</li><li>has final assembly occurring within North America. </li></ul>
Key Points
Main provisions of the bill
Eliminates the tax credit for purchasing a new electric vehicle
Currently, buyers can receive up to $7,500 in tax credits for qualifying electric vehicle purchases
The bill aims to end taxpayer subsidies for electric vehicles
How This Impacts Americans
Potential effects on citizens and communities
This bill would impact anyone in the United States who is considering buying a new electric vehicle. Without the tax credit, the upfront cost of an electric car would be higher, potentially making them less affordable for many consumers. This could slow the adoption of electric vehicles nationwide and reduce progress towards transitioning to more environmentally-friendly transportation options.
Policy Areas
Primary Policy Area
Taxation
Scope & Jurisdiction
Jurisdiction Level
federal
Congressional Session
119th Congress
Citation Reference
3016, 119th Congress (2025). "Advancing Research in Nuclear Fuel Recycling Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-s-3016
