HR 312
119th Congress
House
Taxation
Restoring Vehicle Market Freedom Act of 2025
Introduced: January 9, 2025
Introduced by:
Perry, Scott
Republican
· Pennsylvania
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2025
Referred to the House Committee on Ways and Means.
Jan 9, 2025
Introduced in House
Plain-English summary
Restoring Vehicle Market Freedom Act of 2025
This bill repeals federal tax credits for the purchase of certain clean vehicles (generally electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles) and certain vehicle refueling property.
Specifically, the bill repeals the federal tax credits for
- the purchase of a qualified used clean vehicle (tax credit of up to $4,000 for the purchase of a previously-owned clean vehicle before 2033),
- the purchase of a qualified new clean vehicle (tax credit of up to $7,500 for the purchase of a new clean vehicle before 2033),
- the purchase of a qualified commercial clean vehicle (business tax credit of up to $40,000 for the purchase of a commercial clean vehicle before 2033), and
- alternative fuel vehicle refueling property (tax credit of up to $1,000 for individuals or up to $100,000 for businesses for the installation of property before 2033 used to store or dispense clean-burning fuel or to recharge electric vehicles).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1