Legis Daily

Restoring Vehicle Market Freedom Act of 2025

USA119th CongressHR-312| House 
| Updated: 1/9/2025
Scott Perry

Scott Perry

Republican Representative

Pennsylvania

Cosponsors (2)
Elijah Crane (Republican)Andrew Ogles (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislative proposal aims to eliminate several existing federal tax credits within the Internal Revenue Code of 1986 that support alternative fuel vehicles and their associated infrastructure. The bill seeks to remove financial incentives for consumers and businesses related to the purchase and use of these vehicles, reflecting a shift away from government-backed subsidies in this sector. Specifically, the bill repeals the Previously Owned Clean Vehicle Credit (Section 25E) and the New Qualified Plug-in Electric Drive Motor Vehicle Credit (Section 30D), effectively ending federal tax incentives for both new and used electric vehicle purchases. It also targets the Alternative Motor Vehicle Credit (Section 30B) and the Credit for Qualified Commercial Clean Vehicles (Section 45W). Additionally, the legislation eliminates the Alternative Fuel Vehicle Refueling Property Credit (Section 30C), which currently supports the development of charging and refueling infrastructure. These repeals would apply to vehicles acquired or property purchased and placed in service after the date of the bill's enactment, thereby ceasing the availability of these tax benefits.
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Timeline

Bill from Previous Congress

HR 118-3754
Restoring Vehicle Market Freedom Act of 2023
Jan 9, 2025
Introduced in House
Jan 9, 2025
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 118-3754
    Restoring Vehicle Market Freedom Act of 2023


  • January 9, 2025
    Introduced in House


  • January 9, 2025
    Referred to the House Committee on Ways and Means.

Taxation

Restoring Vehicle Market Freedom Act of 2025

USA119th CongressHR-312| House 
| Updated: 1/9/2025
This legislative proposal aims to eliminate several existing federal tax credits within the Internal Revenue Code of 1986 that support alternative fuel vehicles and their associated infrastructure. The bill seeks to remove financial incentives for consumers and businesses related to the purchase and use of these vehicles, reflecting a shift away from government-backed subsidies in this sector. Specifically, the bill repeals the Previously Owned Clean Vehicle Credit (Section 25E) and the New Qualified Plug-in Electric Drive Motor Vehicle Credit (Section 30D), effectively ending federal tax incentives for both new and used electric vehicle purchases. It also targets the Alternative Motor Vehicle Credit (Section 30B) and the Credit for Qualified Commercial Clean Vehicles (Section 45W). Additionally, the legislation eliminates the Alternative Fuel Vehicle Refueling Property Credit (Section 30C), which currently supports the development of charging and refueling infrastructure. These repeals would apply to vehicles acquired or property purchased and placed in service after the date of the bill's enactment, thereby ceasing the availability of these tax benefits.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-3754
Restoring Vehicle Market Freedom Act of 2023
Jan 9, 2025
Introduced in House
Jan 9, 2025
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 118-3754
    Restoring Vehicle Market Freedom Act of 2023


  • January 9, 2025
    Introduced in House


  • January 9, 2025
    Referred to the House Committee on Ways and Means.
Scott Perry

Scott Perry

Republican Representative

Pennsylvania

Cosponsors (2)
Elijah Crane (Republican)Andrew Ogles (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted