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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: 3, Insightful) by Thexalon on Tuesday September 14 2021, @02:48PM (1 child)

    by Thexalon (636) on Tuesday September 14 2021, @02:48PM (#1177705)

    If I concede that everything you wrote is completely true (and I agree with a lot of it): That doesn't answer the question of whether the proposed policy here is a good one.

    The simple fact is that there is no such thing as a small car manufacturer. Repair, sure. Some guy in your neighborhood who can restore a '57 Ford like nobody else, absolutely. But neither of those are making new cars. Even relative newcomers like Tesla are giant businesses, because the economies of scale are too huge to not do that, and there's no hipster-funded artisanal car industry or something like that because the mass-manufactured cars are better. So if the government is intending any policy affecting the manufacture of cars, they're going to target big businesses.

    All of which is a separate issue from closing tax loopholes and doing something about the tax evasion industry which makes it so rich people and big businesses frequently pay less than poor people and small businesses.

    --
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  • (Score: 1, Interesting) by Anonymous Coward on Tuesday September 14 2021, @06:38PM

    by Anonymous Coward on Tuesday September 14 2021, @06:38PM (#1177788)

    There is a sort of hipster, artisanal car business, it's just so underground that a lot of normies never hear about it.

    You think I'm joking, but I'm really not.

    It takes many forms. There are the customisation crew, who will take a donor vehicle and turn it into something completely different. There are the ground-up one-off guys who will build things like complete new sandrails with freshly-welded tube spaceframe chassis. There are the kit car guys who will build all sorts of weird replicas of varying degrees of desirability and authenticity. Then there are the tiny boutique manufacturers who mostly just have a few homologation vehicles because every other one they build is destined to die a messy death on a track somewhere.

    It's not as simple as all that.