Electric vehicle tax credit preserved in Senate’s revised tax bill, says senator

Another possible good news for the fight against the House GOP’s move to repeal the federal tax credit for electric vehicles.

All the details from the Senate’s version of the bill are not out yet, but a senator from South Dakota says that it does preserve the tax credit for electric cars. 

Republican Senator John Hoeven commented on the bill according to the Financial Post:

“The South Dakota Republican said the measure also preserves existing clean energy tax incentives such as for electricity production from wind. It preserves a tax credit for electric cars as well.“

It follows the news that electric vehicle buyers got an ally within GOP over repeal of the $7,500 federal tax credit when Republican Senator Dean Heller, who sits on the Senate’s finance committee, said that he will fight against the repeal.

Electrek’s Take

It’s still a not a done deal and there’s just so much stuff in this bill that it sounds like whatever happens with the EV tax credit is just going to be collateral damage.

Regardless, it looks like not every Republican elected official is for the repeal, which is a good sign.

They will reportedly bring the bill to a vote next week and we should have a better idea of the situation at that point.

For the more politically savvy, what do you think are the odds of the bill passing and with or without the repeal of the EV tax credit? Let us know in the comment section below.