American Subsidies for American Autos Act of 2024

This bill requires vehicles to meet North American manufacturing rules under the USMCA trade agreement to qualify for several federal clean vehicle subsidies. It amends tax credits for new clean vehicles, school bus programs, public transit grants, and energy efficiency programs to mandate that eligible vehicles must qualify as "USMCA-compliant" (meaning they meet origin rules under the USMCA). This directly affects automakers selling vehicles in the U.S. for these subsidy programs and buyers purchasing vehicles under these federal funding streams. The change applies to vehicles acquired after the bill's enactment date.