Bills · HR 1293
IN COMMITTEE· 119TH CONGRESS
House BillHR 1293Taxation
Vehicle Energy Performance Act of 2025
INTRO FEB 13· LAST ACTION FEB 13
READING
16MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it aims to accelerate the adoption of more fuel-efficient vehicles across the country. If it becomes law, it could make highly fuel-efficient cars more affordable for consumers, potentially saving them money on fuel costs over the life of the vehicle. This also has implications for reducing overall gasoline consumption and vehicle emissions, contributing to environmental goals and energy independence.
Without this bill, the financial incentive for consumers to choose the most fuel-efficient internal combustion engine vehicles would remain largely unchanged, potentially leading to slower adoption rates for these technologies. By providing a direct financial benefit, the bill could shift consumer purchasing habits and influence auto industry production strategies towards greater fuel efficiency, impacting everything from gas prices at the pump to air quality.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes a new refundable tax credit, up to $5,000, for purchasing new high-energy performance motor vehicles.
This creates a direct financial incentive for consumers to buy more fuel-efficient cars and trucks.
PROVISION 02
The credit amount is determined by how a vehicle's fuel economy compares to the median and best fuel economy ratings of vehicles from the prior model year.
This means only vehicles significantly above average in fuel efficiency will receive the full or substantial credit, encouraging innovation.
PROVISION 03
Allows the tax credit to be transferred to the selling dealer at the point of sale, providing an immediate price reduction for the buyer.
This simplifies the benefit for consumers by making it an upfront discount rather than a wait for a tax refund.
PROVISION 04
Applies to new passenger automobiles and light trucks made by a manufacturer beginning with model year 2027.
This sets a clear effective date for when vehicles become eligible for the new tax credit.
SPONSORSHIP
1 + 1
D· Illinois
YRS IN OFFICE
7
BILLS LED
49
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSFEB 13
Introduced in House
FEB 13
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 1293
Congress119th
StatusIn Committee
IntroducedFeb 13, 2025
Last actionFeb 13, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED FEB 13, 2025
House BillHR 1293Taxation
Vehicle Energy Performance Act of 2025
INTRODUCED FEB 13, 2025· LAST ACTION FEB 13, 2025
PASSAGE CHANCES
—%
READING
16 min
COSPONSORS
1
COMPLEXITY
Moderate
