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H.R. 6274

Electric CARS Act of 2018

Electric Credit Access Ready at Sale Act of 2018 or the Electric CARS Act of 2018

This bill amends the Internal Revenue Code to modify and extend several tax credits related to electric cars.

The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2028. In addition, the bill modifies the credit to: (1) remove the limitation on the number of vehicles per manufacturer that are eligible for the credit, and (2) allow a taxpayer to assign the credit to a financing entity.

The bill also extends through 2028 the tax credits for: (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.

Referred to the House Committee on Ways and Means.

Rep. Welch, Peter [D-VT-At Large](D-VT)Sponsor
19 cosponsors19 D
19cosponsors1committees3actions1related bills5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Electric CARS Act of 2018 — Informed