Summary

Eliminates the federal income tax credit for new clean vehicles by repealing Internal Revenue Code section 30D and removing related references in tax and highway laws. The change would apply starting with the first full calendar year after enactment. Purchases placed in service before that year would remain under current rules. This is a tax code change only; no new programs or spending are created.

Key Points

• Ends the federal income tax credit for new clean vehicles (section 30D).
• Applies beginning with the first full calendar year after enactment.
• Includes technical conforming changes to remove cross‑references in tax and highway laws.
• Does not affect purchases placed in service before the effective year.
• Likely reduces federal tax expenditures and increases revenues relative to current law.
• May raise out‑of‑pocket costs for consumers and businesses planning to buy qualifying clean vehicles.
• Does not appropriate funds or create new programs.
• State or local clean vehicle incentives are unaffected by this federal change.

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