Restoring Vehicle Market Freedom Act of 2023

HR 3754, the Restoring Vehicle Market Freedom Act of 2023, repeals five specific federal tax credits for clean and alternative fuel vehicles. It eliminates the previously owned clean vehicle credit (Section 25E), alternative motor vehicle credit (Section 30B), alternative fuel vehicle refueling property credit (Section 30C), new qualified plug-in electric vehicle credit (Section 30D), and credit for qualified commercial clean vehicles (Section 45W). These repeals apply to vehicles acquired or property placed in service after the bill's enactment date, directly affecting new vehicle buyers who previously qualified for these tax incentives. The bill makes no new policy changes but removes existing tax benefits for clean vehicle purchases under the Internal Revenue Code.