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Republicans won’t stop trying to kill Biden’s EV tax credit

The bill now goes to the full House of Representatives.

The House Ways and Means Committee voted in favor of a bill that would undo the federal EV tax credits, arguing that the rules would result in US taxpayer dollars flowing to Chinese companies. “The Biden administration is sacrificing our economic independence in order to force more Americans to drive an electric vehicle,” Rep. Jason Smith (R-MO), the committee’s chair, said during a markup of the bill ( H.J. The bill was the latest effort by Republicans to reverse one of President Joe Biden’s central provisions passed as part of the Inflation Reduction Act of 2022, which makes available up to $7,500 in tax credits for the purchase of a new EV.

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