TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.
It’s hard to imagine any way this doesn’t throw a huge wrench into the adoption of sustainable car technology for the USA.
Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.
There’s also a $250 a year tax on EVs. I’m not sure that’s even constitutional though, because I thought only states could levy taxes on land.
Are you referring to taxes aimed at funding road repairs that is currently accounted for in gas taxes?