To amend the Internal Revenue Code of 1986 to repeal the credit for new clean vehicles, and for other purposes.

Bill 118 hr 10516, also known as the "Clean Vehicles Credit Repeal Act," aims to make changes to the Internal Revenue Code of 1986 by repealing the credit for new clean vehicles. This credit was originally put in place to incentivize the purchase of environmentally friendly vehicles, such as electric or hybrid cars.

The bill proposes to eliminate this credit, which has been criticized by some as being too costly and ineffective in promoting the adoption of clean vehicles. Supporters of the bill argue that the credit is no longer necessary as the market for clean vehicles has grown significantly in recent years without the need for government incentives.

In addition to repealing the clean vehicles credit, the bill also includes provisions for other purposes, although specific details on these provisions are not provided in the summary. Overall, the Clean Vehicles Credit Repeal Act seeks to make changes to the tax code in order to remove a credit that some believe is no longer needed or effective in promoting the adoption of clean vehicles. The impact of this bill, if passed, could have significant implications for the clean energy and automotive industries.