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posted by janrinok on Monday September 13 2021, @11:43PM   Printer-friendly

Toyota, Honda oppose U.S. House electric vehicle tax plan:

Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) on Saturday sharply criticized a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive.

Toyota said in a statement that the plan unveiled late Friday discriminates "against American autoworkers based on their choice not to unionize."

The bill, set to be voted on Tuesday by the Democratic-led House Ways and Means Committee as part of a proposed $3.5 trillion spending bill, would benefit Detroit's Big Three automakers, which have union-represented auto plants. read more

The proposal, estimated to cost $33 billion to $34 billion over 10 years, would boost to up to $12,500 the maximum tax credit for electric vehicles, up from the current $7,500. The $12,500 figure includes a $500 credit for using U.S.-produced batteries.


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  • (Score: 1, Informative) by Anonymous Coward on Tuesday September 14 2021, @02:25AM

    by Anonymous Coward on Tuesday September 14 2021, @02:25AM (#1177581)

    Got to keep up with current merger & acquisitions-- https://www.stellantis.com/en [stellantis.com]

    Dose Wops merged wit' some Frogs.

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