HR 7862
Efficient Vehicle Leadership Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Efficient Vehicle Leadership Act of 2019 aims to incentivize the purchase of fuel-efficient vehicles and discourage the sale of less efficient ones. It proposes a new tax credit for qualifying fuel-efficient vehicles, based on their fuel economy compared to a reference standard, and imposes a fee – a ‘fuel performance fee’ – on manufacturers of ‘fuel guzzler’ vehicles. The bill also includes provisions for transferring the fuel-efficient vehicle tax credit to consumers and adjusts existing tax codes to accommodate these changes.
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