H.R. 7065House115th Congress (2017-2019)In Committee

To amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles.

AI-Generated Summary

Updated April 16, 2026 at 12:08 AM UTC

The bill changes the tax credit for new plug‑in electric vehicles by setting a phaseout schedule. Starting with the 2022 calendar year, the credit will begin to be reduced, and the new rules apply to vehicles sold after December 31, 2018. This affects consumers who purchase qualifying electric cars and the manufacturers that sell them.

Key Provisions

Updates the Internal Revenue Code heading to reflect a "Phaseout of Credit" rather than a limitation on the number of vehicles.
Specifies that the phaseout period begins in the calendar year 2022.
Removes the previous paragraph that limited the number of eligible vehicles and eliminates paragraph (4) of the existing provision.
Applies the new phaseout rules to plug‑in electric vehicles sold after December 31, 2018.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

October 16, 2018

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HouseIntro Referral

Introduced in House

October 16, 2018

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

October 16, 2018

Bill Text

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Introduced in HouseIssued October 16, 2018

115th CONGRESS

2d Session

H. R. 7065

IN THE HOUSE OF REPRESENTATIVES

October 16, 2018

Mrs. Black (for herself, Mr. Holding, and Mr. Bishop of Michigan) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to establish a new phaseout of the credit for plug-in electric drive motor vehicles.

Phaseout of new qualified plug-in electric drive motor vehicle credit

(a)

In general

Section 30D(e) of the Internal Revenue Code of 1986 is amended—

(1)

in the heading, by striking Limitation on number of new qualified plug-in electric drive motor vehicles eligible for credit and inserting Phaseout of credit;

(2)

by striking paragraph (2) and inserting the following:

(2)

Phaseout period

For purposes of this subsection, the phaseout period is the period beginning with calendar year 2022.

; and

(3)

by striking paragraph (4).

(b)

Effective date

The amendments made by this section shall apply to vehicles sold after December 31, 2018.