S. 3016 — End Taxpayer Subsidies for Electric Vehicles Act

This bill eliminates the tax credit for the purchase of a qualified new clean vehicle.  Under current law, a nonrefundable tax credit of up to $7,500 is allowed for the purchase of a vehicle that is acquired new and for use by the taxpayer;is made by a qualified manufacturer;weighs less than 14,000 pounds;is manufactured primarily for use on public streets, roads, and highways;is powered significantly by an electric motor with a battery capacity of seven kilowatt hours or more;is capable of being recharged from an external source of electricity; andhas final assembly occurring within North America.