US SB536

Imposes a $1,000 tax on each electric vehicle sold by manufacturers, producers, or importers, effective for sales after December 31, 2025

Imposes a $550 tax on each battery module weighing over 1,000 pounds that is intended for use in an electric vehicle

Excludes hybrid vehicles (those with both internal combustion engines and rechargeable energy storage systems) from the electric vehicle tax

Applies only to light-duty vehicles with a gross vehicle weight rating under 8,500 pounds

Directs all revenue from these new taxes to the Highway Trust Fund