Title: Affordable Electric Vehicles for America Act of 2022
Policy area: Taxation

Summary:
Affordable Electric Vehicles for America Act of 2022
This bill extends until after 2025 the requirement that final assembly of vehicles occur within North America for purposes of the clean vehicle tax credit.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 5020 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 5020

   To amend the Internal Revenue Code of 1986 to temporarily suspend 
 application of the requirement that final assembly of vehicles occur 
within North America for purposes of the clean vehicle credit, and for 
                            other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 29, 2022

  Mr. Warnock introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to temporarily suspend 
 application of the requirement that final assembly of vehicles occur 
within North America for purposes of the clean vehicle credit, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Affordable Electric Vehicles for 
America Act of 2022''.

SEC. 2. ADJUSTMENT OF CERTAIN REQUIREMENTS FOR CLEAN VEHICLE CREDIT.

    (a) Final Assembly.--Subparagraph (G) of section 30D(d)(1) of the 
Internal Revenue Code of 1986, as added by section 13401(b) of Public 
Law 117-169, is amended by inserting ``in the case of any motor vehicle 
sold after December 31, 2025,'' before ``the final assembly''.
    (b) Critical Minerals and Battery Components.--Section 30D of the 
Internal Revenue Code of 1986, as amended by section 13401 of Public 
Law 117-169, is amended--
            (1) in subsection (d)(7)--
                    (A) in subparagraph (A), by striking ``December 31, 
                2024'' and inserting ``December 31, 2025'', and
                    (B) in subparagraph (B), by striking ``December 31, 
                2023'' and inserting ``December 31, 2024'', and
            (2) in subsection (e)--
                    (A) in paragraph (1)(B)--
                            (i) in clause (i), by striking ``after the 
                        date on which the proposed guidance described 
                        in paragraph (3)(B) is issued by the Secretary 
                        and before January 1, 2024'' and inserting 
                        ``during calendar year 2026'',
                            (ii) in clause (ii), by striking ``2024'' 
                        and inserting ``2027'',
                            (iii) in clause (iii), by striking ``2025'' 
                        and inserting ``2028'',
                            (iv) in clause (iv), by striking ``2026'' 
                        and inserting ``2029'', and
                            (v) in clause (v), by striking ``December 
                        31, 2026'' and inserting ``December 31, 2029'',
                    (B) in paragraph (2)(B)--
                            (i) in clause (i), by striking ``after the 
                        date on which the proposed guidance described 
                        in paragraph (3)(B) is issued by the Secretary 
                        and before January 1, 2024'' and inserting 
                        ``during calendar year 2026'',
                            (ii) in clause (ii), by striking ``2024 or 
                        2025'' and inserting ``2027 or 2028'',
                            (iii) in clause (iii), by striking ``2026'' 
                        and inserting ``2029'',
                            (iv) in clause (iv), by striking ``2027'' 
                        and inserting ``2030'',
                            (v) in clause (v), by striking ``2028'' and 
                        inserting ``2031'', and
                            (vi) in clause (vi), by striking ``December 
                        31, 2028'' and inserting ``December 31, 2031'', 
                        and
                    (C) in paragraph (3)(B), by striking ``December 31, 
                2022'' and inserting ``December 31, 2025''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the enactment of section 13401 of Public Law 
117-169.
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