Fair SHARE Act of 2025

Bill 119 s 536, also known as the Electric Vehicle Tax Act, aims to make changes to the Internal Revenue Code of 1986 by implementing a tax on the sale of electric vehicles and batteries. The bill proposes to impose a tax on the sale of electric vehicles and batteries in order to generate revenue for the government.

The tax would be applied to both the sale of electric vehicles and the sale of batteries used in electric vehicles. The amount of the tax would be determined based on the value of the vehicle or battery being sold. The revenue generated from this tax would be used to fund various government programs and initiatives.

Supporters of the bill argue that implementing a tax on electric vehicles and batteries would help level the playing field between electric vehicles and traditional gasoline-powered vehicles. They believe that electric vehicles should contribute to the funding of government programs just like traditional vehicles do through gas taxes. Opponents of the bill, however, argue that taxing electric vehicles and batteries could discourage consumers from purchasing these environmentally-friendly vehicles. They believe that the government should be incentivizing the adoption of electric vehicles, not imposing additional taxes on them. Overall, Bill 119 s 536 is a controversial piece of legislation that seeks to establish a tax on the sale of electric vehicles and batteries in order to generate revenue for the government. The bill has sparked debate among lawmakers and stakeholders about the impact of such a tax on the adoption of electric vehicles and the future of transportation in the United States.