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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - Senate

Short Title(s) as Introduced

Electric CARS Act of 2021
Electric Credit Access Ready at Sale Act of 2021

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.

Actions Overview (1)

Date Actions Overview
02/23/2021Introduced in Senate

All Actions (1)

Date All Actions
02/23/2021Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (9)

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Finance02/23/2021 Referred to

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Subjects (5)

Latest Summary (1)

There is one summary for S.395. View summaries

Shown Here:
Introduced in Senate (02/23/2021)

Electric Credit Access Ready at Sale Act of 2021 or the Electric CARS Act of 2021

This bill modifies and extends tax credits for electric cars and alternative motor vehicles.

The bill extends the tax credit for new qualified plug-in electric drive motor vehicles through 2031. In addition, the bill modifies the credit to

  • remove the limitation on the number of vehicles per manufacturer that are eligible for the credit,
  • allow a taxpayer to assign the credit to a financing entity, and
  • allow an unused credit to be carried forward for five years.

The bill also extends through 2031 the tax credits for (1) alternative fuel vehicle refueling property, and (2) alternative motor vehicles.