Bill > HR312

This bill, called the "Restoring Vehicle Market Freedom Act of 2025," seeks to repeal several tax credits related to alternative fuel and electric vehicles within the Internal Revenue Code of 1986. Specifically, the bill eliminates five key tax credits: the previously owned clean vehicle credit (section 25E), the alternative motor vehicle credit (section 30B), the alternative fuel vehicle refueling property credit (section 30C), the new qualified plug-in electric drive motor vehicle credit (section 30D), and the credit for qualified commercial clean vehicles (section 45W). For each of these credits, the bill not only removes the primary tax credit provisions but also makes corresponding technical amendments to other parts of the tax code to remove references to these credits. The bill would make these repeals effective for vehicles or property acquired or placed in service after the date of the bill's enactment, which means taxpayers would no longer be able to claim these credits for new purchases made after the bill becomes law. By eliminating these credits, the bill appears aimed at reducing government incentives for purchasing alternative fuel and electric vehicles.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/312/all-info