U.S. House Republicans Target EV Tax Credits and Efficiency Rules ...Middle East

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U.S. House Republicans Target EV Tax Credits and Efficiency Rules
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House Republicans unveiled a controversial new tax reform proposal on Monday, aiming to abolish the electric vehicle (EV) tax credit and repeal fuel efficiency standards. The measure, facing its first hearing at the House Ways and Means Committee on Tuesday, proposes ending a $7,500 new-vehicle tax credit and a $4,000 used-vehicle credit by December 31. A one-year extension is proposed for automakers yet to sell 200,000 EVs.

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