S536-119

1. Short title This Act may be cited as the Fair Sharing of Highways and Roads for Electric Vehicles Act of 2025 or the Fair SHARE Act of 2025.

2. Tax on sale of electric vehicles and batteries Subchapter A of chapter 32 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: There is hereby imposed a tax equal to $550 on each battery module with a weight of greater than 1,000 pounds which is— sold by the manufacturer, producer, or importer thereof, and intended for use in an electric vehicle. There is hereby imposed a tax equal to $1,000 on each electric vehicle sold by the manufacturer, producer, or importer thereof. In this section— The term battery module has the same meaning given such term in section 45X(c)(5)(B)(iii). The term electric vehicle means a light-duty vehicle which satisfies the requirements under section 30D(d)(1)(F). The term electric vehicle shall not include any motor vehicle which draws propulsion energy from onboard sources of stored energy which are both— an internal combustion or heat engine using consumable fuel, and a rechargeable energy storage system. The term light-duty vehicle means a motor vehicle, as defined in section 30D(d)(2), which has a gross vehicle weight rating of less than 8,500 pounds. The table of parts for subchapter A of chapter 32 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Section 9503(b)(1) of the Internal Revenue Code of 1986 is amended— in subparagraph (D), by striking and at the end, by redesignating subparagraph (E) as subparagraph (F), and by inserting after subparagraph (D) the following new subparagraph: section 4091 (relating to tax on electric vehicles and batteries), and The amendments made by this section shall apply to sales after December 31, 2025. IVElectric Vehicles and BatteriesSec. 4091. Tax on Electric Vehicles and Batteries.4091.Tax on Electric Vehicles and batteries(a)Battery moduleThere is hereby imposed a tax equal to $550 on each battery module with a weight of greater than 1,000 pounds which is—(1)sold by the manufacturer, producer, or importer thereof, and(2)intended for use in an electric vehicle.(b)Electric vehiclesThere is hereby imposed a tax equal to $1,000 on each electric vehicle sold by the manufacturer, producer, or importer thereof.(c)DefinitionsIn this section—(1)Battery moduleThe term battery module has the same meaning given such term in section 45X(c)(5)(B)(iii).(2)Electric vehicle(A)In generalThe term electric vehicle means a light-duty vehicle which satisfies the requirements under section 30D(d)(1)(F).(B)Exception for hybrid vehiclesThe term electric vehicle shall not include any motor vehicle which draws propulsion energy from onboard sources of stored energy which are both—(i)an internal combustion or heat engine using consumable fuel, and(ii)a rechargeable energy storage system.(3)Light-duty vehicleThe term light-duty vehicle means a motor vehicle, as defined in section 30D(d)(2), which has a gross vehicle weight rating of less than 8,500 pounds.. PART IV—ELECTRIC VEHICLES AND BATTERIES. (E)section 4091 (relating to tax on electric vehicles and batteries), and.