From Nasdaq: 2025-02-07 10:36:49

H.R. 312: Restoring Vehicle Market Freedom Act of 2025 was introduced on 2025-01-09 with 2 cosponsors. The bill proposes amendments to the Internal Revenue Code, repealing tax credits for alternative fuel vehicles. This includes credits for clean vehicles, alternative motor vehicles, refueling property, plug-in electric vehicles, and commercial clean vehicles. Effective dates apply to vehicles acquired post-enactment.

The bill aims to eliminate tax incentives for purchasing alternative fuel vehicles. This could impact consumer choices and the market for eco-friendly transportation options. Companies like Tesla, Ford, NIO, and Volkswagen, known for their electric vehicle production, may see changes in consumer behaviors and market share due to the loss of EV tax credits.



Read more at Nasdaq: New Bill: Representative Scott Perry introduces H.R. 312: Restoring Vehicle Market Freedom Act of 2025