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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: 2) by Thexalon on Tuesday September 14 2021, @03:12PM

    by Thexalon (636) on Tuesday September 14 2021, @03:12PM (#1177712)

    We didn't produce oil, we extracted oil. Those aren't the same thing.

    As for energy security: You back a strong push towards solar and wind and hydroelectric power, right? Because there's absolutely no way for the Saudis, Venezuelans, Russians, Iranians, Chinese, or any other country to shut down the sun shining on the US without also shutting down their own economies too.

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