Dems introduce new $15,000 EV tax credit bill that has no chance — and that’s a problem — SkimNews
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- Rep. Greg Landsman introduced the '21st Century Vehicle Choice Act' (H.R. 10881) on October 22, proposing up to $15,000 in new EV tax credits and $8,000 for used models, with no expiration dates.
- The bill has no cosponsors and was referred to three House committees, facing insurmountable opposition as Republicans control Congress and recently repealed existing EV credits under President Trump.
- The proposed credit would only apply to vehicles meeting strict sourcing rules, limiting eligibility to a narrow set of EVs, and excludes anyone who previously claimed the credit under Section 30D.
- Electrek warns the bill is primarily symbolic, noting it dropped 12 days before the midterm election—mirroring an identical 2024 version that died in committee with zero support.
- US EV sales fell 39.5% year-over-year in Q3 2026 despite a 6.1% quarterly rebound, with market share at 6.4%, highlighting a fragile recovery after the $7,500 credit expired in 2025.
- Automakers like Hyundai have cut prices—by nearly $10,000 on some Ioniq 5 trims—to offset lost incentives, offering immediate savings that contrast with the bill’s uncertain future.
Why it matters: EV buyers who delay purchases expecting a $15,000 credit risk missing out on current price cuts and a recovering market, while automakers face prolonged uncertainty. The bill’s lack of cosponsors and political opposition means no policy shift before 2029, delaying emissions progress and consumer adoption.
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