S. 541: ELITE Vehicles Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-02-12 |
| Sponsor | Sen. Barrasso, John [R-WY] |
| Policy area | Taxation |
| Cosponsors | 14 |
| Latest action | 2025-02-12 — Read twice and referred to the Committee on Finance. |
| Last updated | 2025-12-05 |
Summary
Official summary (Introduced in Senate, 2025-02-12):
Eliminate Lavish Incentives To Electric Vehicles Act or the ELITE Vehicles Act
This bill eliminates federal tax credits for the purchase of certain clean vehicles (generally electric vehicles and plug-in hybrid vehicles) and electric vehicle recharging stations.
Specifically, the bill repeals the federal tax credits for
- the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033),
- the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033),
- the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and
- alternative fuel vehicle refueling property used to recharge electric vehicles (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 that is used to recharge electric vehicles).
Cosponsors (14)
| Name | Party / state |
|---|---|
| John Thune | R SD (original cosponsor) 2025-02-12 |
| Tom Cotton | R AR (original cosponsor) 2025-02-12 |
| Shelley Moore Capito | R WV (original cosponsor) 2025-02-12 |
| James Lankford | R OK (original cosponsor) 2025-02-12 |
| Cynthia M. Lummis | R WY (original cosponsor) 2025-02-12 |
| Kevin Cramer | R ND (original cosponsor) 2025-02-12 |
| Tim Sheehy | R MT (original cosponsor) 2025-02-12 |
| Pete Ricketts | R NE (original cosponsor) 2025-02-12 |
| Joni Ernst | R IA (original cosponsor) 2025-02-12 |
| Bill Cassidy | R LA (original cosponsor) 2025-02-12 |
| Roger Marshall | R KS (original cosponsor) 2025-02-12 |
| Thom Tillis | R NC (original cosponsor) 2025-02-12 |
| John Hoeven | R ND (original cosponsor) 2025-02-12 |
| Rick Scott | R FL (original cosponsor) 2025-02-12 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 541 are published by Congress on congress.gov.
Frequently asked questions
What is S. 541?
S. 541 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: ELITE Vehicles Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 541 are available on congress.gov.
Bill data: congress.gov API (official congressional records).