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Standard Summary
Comprehensive overview in 1-2 paragraphs
The Fair SHARE Act of 2025 (Senate version) mirrors the House version, imposing new taxes on electric vehicle and battery module sales with revenue directed to the Highway Trust Fund.
Key Points
- 1Imposes $550 tax on battery modules over 1,000 pounds for electric vehicles
- 2Imposes $1,000 tax on each electric vehicle sale by manufacturers
- 3Excludes hybrid vehicles that use both internal combustion and electric power
- 4Directs all tax revenue to the Highway Trust Fund
- 5Applies to sales after December 31, 2025
- 6Targets light-duty vehicles under 8,500 pounds gross weight rating
Impact Areas
Electric vehicle manufacturersBattery producersElectric vehicle consumersHighway Trust Fund financingAlternative fuel vehicle marketFederal transportation infrastructure funding
Generated by kwaipilot/kat-coder-pro:free on Nov 19, 2025