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North Dakota's U.S. senators are supporting a bill to repeal federal tax credits for electric vehicles

(Washington, DC) – North Dakota senators are supporting legislation aimed at repealing federal tax credits for electric vehicles and charging stations.

Currently, individuals can receive a tax credit of up to $7,500 after purchasing a qualified plug-in electric vehicle or fuel cell electric vehicle. The tax credits are estimated to cost about $180 billion over the next decade, according to Senator Kevin Cramer.

“It's time to say the quiet part out loud: the market doesn't want or buy electric vehicles, these tax credits primarily benefit the wealthy by making it easier to sell expensive electric vehicles, and we're funneling tax dollars into a supply chain controlled by China.” said Cramer. “This is a waste of taxpayer money, especially when we have nearly $35 trillion in debt. Let’s end this EV agenda nonsense and finally eliminate President Biden’s EV and charging station tax credit once and for all.”

Both Senators Kevin Cramer and John Hoeven signed the legislation introduced by U.S. Senator John Barrasso (R-WY) for congressional co-sponsorship Repeal the Generous Electric Vehicle Incentives Act (ELITE). The goal would be to repeal the existing tax credits for vehicles and charging stations.

The tax credits were created as part of the Biden administration's Inflation Reduction Act. The stated goal of EV credits is to encourage adoption of the technology and strengthen the EV charging industry.

“Since the President took office, electric vehicle sales have more than quadrupled, with more than four and a half million electric vehicles on the road. Electric vehicle ownership is more affordable than ever, with prices down over 20% compared to last year,” said a statement from the Biden administration. “The number of publicly accessible charging ports has also increased by over 70 percent, with 170,000 publicly accessible electric vehicle chargers across the country. This puts us on track to deploy 500,000 chargers by 2026 – thereby achieving the President’s goal four years earlier.”

Click here to learn more about the Biden administration's stated goals.

Anna Harden

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