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Affordable EVs for Working Families Act
12/31/2022, 5:04 AM
Summary of Bill HR 4817
Bill 117 HR 4817, also known as the Affordable EVs for Working Families Act, aims to make electric vehicles (EVs) more accessible and affordable for low- and middle-income families in the United States. The bill was introduced in the House of Representatives and is currently under consideration by Congress.
The main provisions of the bill include the establishment of a rebate program that would provide financial incentives for the purchase of new or used electric vehicles. The rebates would be targeted towards individuals and families with incomes below a certain threshold, making it easier for them to afford an EV.
Additionally, the bill includes provisions for the expansion of charging infrastructure, particularly in underserved communities. This would help address one of the main barriers to EV adoption, which is the lack of convenient and accessible charging stations. The Affordable EVs for Working Families Act also includes measures to promote the development and production of affordable electric vehicles, with a focus on ensuring that these vehicles meet the needs of working families in terms of affordability, range, and performance. Overall, the bill aims to accelerate the transition to electric vehicles in the United States, while also ensuring that low- and middle-income families are not left behind in this shift towards cleaner transportation options. It is currently being debated in Congress, with supporters arguing that it is a necessary step towards reducing greenhouse gas emissions and combating climate change.
The main provisions of the bill include the establishment of a rebate program that would provide financial incentives for the purchase of new or used electric vehicles. The rebates would be targeted towards individuals and families with incomes below a certain threshold, making it easier for them to afford an EV.
Additionally, the bill includes provisions for the expansion of charging infrastructure, particularly in underserved communities. This would help address one of the main barriers to EV adoption, which is the lack of convenient and accessible charging stations. The Affordable EVs for Working Families Act also includes measures to promote the development and production of affordable electric vehicles, with a focus on ensuring that these vehicles meet the needs of working families in terms of affordability, range, and performance. Overall, the bill aims to accelerate the transition to electric vehicles in the United States, while also ensuring that low- and middle-income families are not left behind in this shift towards cleaner transportation options. It is currently being debated in Congress, with supporters arguing that it is a necessary step towards reducing greenhouse gas emissions and combating climate change.
Congressional Summary of HR 4817
Affordable EVs for Working Families Act
This bill allows an income-based tax credit for the purchase of a previously-owned qualified plug-in electric drive motor vehicle. The credit is limited to 30% of the sales price of such a vehicle. The bill defines previously-owned qualified plug-in electric drive motor vehicle to mean a motor vehicle the model year of which is at least two years earlier than the calendar year in which the vehicle is acquired and that meets certain requirements under the Clean Air Act.
Read the Full Bill
Current Status of Bill HR 4817
Bill HR 4817 is currently in the status of Bill Introduced since July 29, 2021. Bill HR 4817 was introduced during Congress 117 and was introduced to the House on July 29, 2021. Bill HR 4817's most recent activity was Referred to the House Committee on Ways and Means. as of July 29, 2021
Bipartisan Support of Bill HR 4817
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
24Democrat Cosponsors
24Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4817
Primary Policy Focus
TaxationPotential Impact Areas
- Hybrid, electric, and advanced technology vehicles
- Income tax credits
- Motor vehicles
Alternate Title(s) of Bill HR 4817
To amend the Internal Revenue Code of 1986 to provide a credit for previously-owned qualified plug-in electric drive motor vehicles.
Affordable EVs for Working Families Act
Affordable EVs for Working Families Act
Comments
Sponsors and Cosponsors of HR 4817
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