21st Century Vehicle Choice Act

10/30/2024, 12:56 PM
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Natural Resources, 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.
The 21st Century Vehicle Choice Act, also known as Bill 118 hr 10046, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote consumer choice and innovation in the automotive industry by removing barriers to the sale of new vehicles directly to consumers.

The bill would allow manufacturers to sell new vehicles directly to consumers, bypassing the traditional dealership model. This would give consumers more options when purchasing a vehicle and could potentially lead to lower prices and increased competition in the market.

Additionally, the 21st Century Vehicle Choice Act aims to promote the adoption of electric vehicles by providing incentives for manufacturers to produce and sell more electric vehicles. This includes tax credits for the purchase of electric vehicles and funding for the development of charging infrastructure. Overall, supporters of the bill argue that it will benefit consumers by increasing choice and competition in the automotive market, as well as promoting the adoption of environmentally friendly electric vehicles. Critics, however, raise concerns about the potential impact on traditional dealerships and the overall structure of the automotive industry. As of now, the 21st Century Vehicle Choice Act is still in the early stages of the legislative process and it remains to be seen whether it will be passed into law.
Congress
118

Number
HR - 10046

Introduced on
2024-10-25

# Amendments
0

Sponsors
+5

Variations and Revisions

10/25/2024

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Natural Resources, 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.
The 21st Century Vehicle Choice Act, also known as Bill 118 hr 10046, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote consumer choice and innovation in the automotive industry by removing barriers to the sale of new vehicles directly to consumers.

The bill would allow manufacturers to sell new vehicles directly to consumers, bypassing the traditional dealership model. This would give consumers more options when purchasing a vehicle and could potentially lead to lower prices and increased competition in the market.

Additionally, the 21st Century Vehicle Choice Act aims to promote the adoption of electric vehicles by providing incentives for manufacturers to produce and sell more electric vehicles. This includes tax credits for the purchase of electric vehicles and funding for the development of charging infrastructure. Overall, supporters of the bill argue that it will benefit consumers by increasing choice and competition in the automotive market, as well as promoting the adoption of environmentally friendly electric vehicles. Critics, however, raise concerns about the potential impact on traditional dealerships and the overall structure of the automotive industry. As of now, the 21st Century Vehicle Choice Act is still in the early stages of the legislative process and it remains to be seen whether it will be passed into law.
Alternative Names
Official Title as IntroducedTo require the submission of the Vehicle Choice Report by the Secretary of Commerce, to increase the clean vehicle tax credit, the previously-owned clean vehicle credit, and the alternative fuel refueling property tax credit, and for other purposes.

Policy Areas
Taxation

Comments

Recent Activity

Latest Action10/25/2024
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within ...