End Chinese Dominance of Electric Vehicles in America Act of 2024

Hozzl · 2024-10-07T21:10:13Z

Explore the details of House Bill 7980 End Chinese Dominance of Electric Vehicles in America Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

10/7/2024, 9:10 PM

Summary of Bill HR 7980

The bill titled "End Chinese Dominance of Electric Vehicles in America Act of 2024" was introduced in the 118th Congress on April 15, 2024. This bill aims to address and reduce Chinese dominance in the electric vehicle market in America. Specific provisions within the bill focus on promoting domestic production and innovation in electric vehicles to compete with Chinese manufacturers. The bill likely includes directives to incentivize domestic electric vehicle manufacturing, enhance research and development efforts in this sector, and potentially impose restrictions or tariffs to counter Chinese market influence. For further details and the full text of the bill, refer to the official PDF version available at the provided link.

Congressional Summary of HR 7980

End Chinese Dominance of Electric Vehicles in America Act of 2024

This bill excludes from the new clean vehicle tax credit vehicles that contain components or material processed by a prohibited foreign entity (i.e., a terrorist organization) or an entity with ties to China, Iran, Russia, or North Korea.

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Current Status of Bill HR 7980

Bill HR 7980 is currently in the status of Introduced to Senate since September 16, 2024. Bill HR 7980 was introduced during Congress 118 and was introduced to the House on April 15, 2024. Bill HR 7980's most recent activity was Received in the Senate and Read twice and referred to the Committee on Finance. as of September 16, 2024

Bipartisan Support of Bill HR 7980

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7980

Primary Policy Focus

Taxation

Potential Impact Areas

- Asia

- China

- Hybrid, electric, and advanced technology vehicles

- Income tax credits

- Motor vehicles

Alternate Title(s) of Bill HR 7980

End Chinese Dominance of Electric Vehicles in America Act of 2024

To amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit.