Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2001

The Clean Efficient Automobiles Resulting From Advanced Car Technologies (CLEAR ACT) Act of 2001 proposed a series of federal tax credits and deductions to encourage the purchase and use of environmentally friendly vehicles. If enacted, the bill would have provided financial incentives for consumers and businesses to buy fuel cell, hybrid, electric, and alternative fuel vehicles, such as those powered by compressed natural gas or hydrogen. Additionally, the legislation aimed to expand the nation’s fueling infrastructure by offering tax credits to homeowners and retailers who installed clean-fuel refueling equipment.