Senator Paul introduces bill to end taxpayer subsidies for EVs

HENDERSON, Ky. (WEHT) – U.S. Senator Rand Paul introduced the “End Taxpayer Subsidies for Electric Vehicles Act.” The End Taxpayer Subsidies for Electric Vehicles Act would eliminate government subsidies, allowing the electric vehicle (EV) market to compete on a “level playing field” while allegedly saving taxpayers billions of dollars.

“For too long, the federal government has picked winners and losers in the auto industry, forcing hardworking Americans to subsidize expensive electric vehicles that many cannot afford,” said Sen. Paul. “The ‘End Taxpayer Subsidies for Electric Vehicles Act’ restores competition in the EV market by ending taxpayer-funded handouts.”

Sen. Paul says these are the key provisions of the act:

• Cuts federal spending
  • Eliminates the Clean Vehicle Credit, saving billions and reducing the national debt.
• Boosts market competition
  • Encourages automakers to innovate and cut EV costs without taxpayer-funded incentives.
• Ensures tax fairness
  • Prevents subsidies that mainly benefit the wealthy, protecting lower and middle-income taxpayers.
• Supports auto and energy jobs
  • Levels the playing field for gas, hybrid, and EV markets while preserving industry jobs.

People can read the act below.

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