Restoring Vehicle Market Freedom Act of 2025 has not moved since its introduction on Jan 9, 2025, with cosponsors, all Republicans
Written by the Congressional Research Service [2]. 156 words.
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).
- Committees
- House Ways and Means Committee
- Policy area
- Taxation: 20 of 6,214 bills became law, 113th–118th (0.3%)
- Sponsor
- 1 of 226 bills enacted since 2013
- Text versions
- 1: introduced in house · 805 words
- Latest action
- Jan 9, 2025: Referred to the House Committee on Ways and Means.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.