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.

House Republicans released legislative text of a key portion of their party-line agenda bill that includes cuts and other changes to Medicaid, one of the most contentious issues they face in trying to advance President Donald Trump’s agenda in one sweeping package.