No Fuel Credits for Batteries Act of 2023

Hozzl · 2024-02-05T14:30:09Z

Explore the details of House Bill 4469 No Fuel Credits for Batteries Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Energy. Stay informed on legislative developments.

2/5/2024, 2:30 PM

Summary of Bill HR 4469

Bill 118 hr 4469, also known as the No Fuel Credits for Batteries Act of 2023, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to eliminate the ability for electric vehicle manufacturers to receive fuel credits for the production of batteries.

Under current law, electric vehicle manufacturers are able to receive fuel credits for the production of batteries, which can then be used to offset their overall fuel consumption. This has been seen as a way to incentivize the production of electric vehicles and promote the use of cleaner energy sources.

However, proponents of Bill 118 hr 4469 argue that this system unfairly benefits electric vehicle manufacturers and distorts the market for fuel credits. They believe that by eliminating fuel credits for batteries, it will level the playing field for all types of vehicles and encourage a more fair and competitive market. Opponents of the bill, on the other hand, argue that removing fuel credits for batteries could hinder the growth of the electric vehicle industry and slow down the transition to cleaner energy sources. They believe that the current system of fuel credits is necessary to incentivize the production of electric vehicles and promote sustainability. Overall, Bill 118 hr 4469 is a controversial piece of legislation that seeks to address the issue of fuel credits for batteries in the electric vehicle industry. It will be interesting to see how this bill progresses through Congress and what impact it may have on the future of electric vehicles in the United States.

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Current Status of Bill HR 4469

Bill HR 4469 is currently in the status of Bill Introduced since July 6, 2023. Bill HR 4469 was introduced during Congress 118 and was introduced to the House on July 6, 2023. Bill HR 4469's most recent activity was Placed on the Union Calendar, Calendar No. 136. as of September 1, 2023

Bipartisan Support of Bill HR 4469

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 4469

Primary Policy Focus

Energy

Alternate Title(s) of Bill HR 4469

No Fuel Credits for Batteries Act of 2023No Fuel Credits for Batteries Act of 2023No Fuel Credits for Batteries Act of 2023To clarify that eRINs are not authorized for purposes of satisfying the volume of renewable fuel that needs to be contained in transportation fuel for purposes of the Renewable Fuel Program, and for other purposes.

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