Senate lawmakers have introduced two new bills that would not only effectively kill the $7,500 EV tax credit, but also institute a new $1,000 tax on the purchase of any new EV.

Senator John Barrasso, joined by 14 senators including Senate Majority Leader John Thune introduced legislation to repeal the tax credit for new EVs and kill the $4,000 used EV credit, end the federal investment tax credit for EV charging stations and end credits for leased EVs. The credits would end 30 days after the bill was signed into law.

The plan would also axe the $7500 tax credit currently available on many EVs.

Senate Republicans introduced a pair of bills on Wednesday aiming to strip the country of its electric vehicle (EV) tax credits and instead replace it with an obligatory $1,000 tax payment to be