Wyoming Sen. John Barrasso and 14 other Republican senators have introduced a bill that would repeal the $7,500 tax carbuyers receive when they buy a new electric vehicle. 

“The hard-earned money of taxpaying Americans should not cover the cost for the luxuries of the nation’s elite. Nor should we be allowing China to infiltrate our markets and undermine our supply chain,” Barrasso said in a statement Wednesday when the bill was introduced. 

The bill would also eliminate the investment tax credit for electric vehicle charging stations and closes what’s called the “leasing loophole,” which allowed some taxpayers and foreign entities to evade restrictions on EV incentives. 

The legislation is supported by the American Fuel & Petrochemical Manufacturers, Americans for Prosperity, National Taxpayers Union, and Heritage Action.