Many consumer tax credits tied to electric vehicles and home energy efficiency would be wiped out in 2026 as part of a massive GOP legislative package.

If enacted, Republicans’ draft legislation would mean that President Biden’s signature climate legislation would effectively be neutered.

U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the United States.