Democratic legislators in the United States House of Representatives have introduced a new bill that would lift the cap on electric-car tax credits and extend the incentive for another 10 years.

As the law currently stands, the $7,500 tax credit is only good for automakers until the company sells 200,000 qualifying cars (battery-electric and plug-in hybrids, depending on the battery size). Once an automaker reaches the cap, the credits phase out over four quarters. In the first two quarters, the automaker receives 50 percent of the tax credit, and in the final two quarters, the credit drops to just 25 percent. After that, automakers no longer have the credit to wield in advertising or promotions.

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The bill, introduced by Rep. Peter Welch (D-VT), would lift the cap entirely for automakers. That’s good news for automakers like General Motors and Tesla. Both companies will likely pass the 200,000-vehicle threshold this year. And, instead of a tax credit with an electric-car owner’s tax return, the credit would be applied immediately.

Right now, the bill is moving through the House Ways and Means Committee, and Sen. Jeff Merkley (D-OR) is expected to introduce the Senate’s own version.