FOR IMMEDIATE RELEASE:
April 1st, 2025
Contact: Press_Paul@paul.senate.gov, 202-224-4343
Dr. Rand Paul Introduces Bill to End Costly Taxpayer Subsidies for Electric Vehicles
Washington, D.C. – Today, U.S. Senator Rand Paul (R-KY) introduced the End Taxpayer Subsidies for Electric Vehicles Act. The End Taxpayer Subsidies for Electric Vehicles Act would eliminate costly government subsidies, allowing the electric vehicle (EV) market to compete on a level playing field while saving taxpayers billions of dollars. A companion bill is being led by Rep. Tom McClintock (R-CA 05.) in the U.S. House of Representatives.
“For too long, the federal government has picked winners and losers in the auto industry, forcing hardworking Americans to subsidize expensive electric vehicles that many cannot afford,” said Dr. Paul. “The End Taxpayer Subsidies for Electric Vehicles Act restores competition in the EV market by ending taxpayer-funded handouts.”
Key Provisions of the End Taxpayer Subsidies for Electric Vehicles Act:
- Cuts Federal Spending – Eliminates the Clean Vehicle Credit, saving billions and reducing the national debt.
- Boosts Market Competition – Encourages automakers to innovate and cut EV costs without taxpayer-funded incentives.
- Ensures Tax Fairness – Prevents subsidies that mainly benefit the wealthy, protecting lower and middle-income taxpayers.
- Supports Auto & Energy Jobs – Levels the playing field for gas, hybrid, and EV markets while preserving industry jobs.
You can read it HERE.
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