WASHINGTON — Republican Sen. John Thune of South Dakota recently introduced a bill that would stop automakers from "double-dipping" on federal incentives aimed at accelerating electric vehicle production.
The legislation stands little chance of passing in the Democrat-controlled Senate, but may be indicative of a GOP strategy to reverse some of Democrats' efforts to give a leg up to low-emission transportation should they retake Congress in the midterm elections.
The "Ending Duplicative Subsidies for Electric Vehicles Act" would make car companies choose between making their vehicles eligible for up to $7,500 in consumer tax credits or receiving grants or loans to support EV and battery production passed through the Inflation Reduction Act.
