The EV tax credit gives consumers up to a $7,500 tax credit on the purchase of an EV; the bill proposes ending the credit in 2026 and reinstating a cap of 200,000 vehicles per manufacturer. Several companies, including Tesla, GM, and Toyota, hit that cap years ago.

After a marathon markup stretching over 17 hours, the House Ways and Means Committee advanced sweeping cuts to Democratic renewable energy and climate tax credits as part of the tax portion of the massive fiscal overhaul Republicans are aiming to pass to enact much of President Donald Trump‘s domestic agenda.

Key Senate Republicans are resisting the House’s plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies.