It would phase out EV credits. Totally destroying Tesla.

"Under the bill passed by the House, the consumer tax credit for new electric vehicles (worth up to $7,500) would phase out after 2026. But for most vehicles, it would actually become unavailable at the end of 2025, because it would only be available for vehicles made by automakers that have sold fewer than 200,000 EVs. (That's a return to how the tax credit was structured before the Biden administration.)"