H. R. 312, titled the “Restoring Vehicle Market Freedom Act of 2025,” aims to amend the Internal Revenue Code of 1986 by eliminating specific tax credits associated with alternative fuel vehicles. The bill proposes the repeal of credits including those for previously owned...
Simple Explanation
H.R. 312 is a bill that wants to stop giving special money rewards (called tax credits) to people who buy or use certain kinds of cars that are better for the planet, like electric cars or cars using clean energy. Instead of getting those rewards, people will have to pay the regular amount for these cars.