12 automakers urge California senators to oppose union EV tax credit By Reuters

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12 automakers urge California senators to oppose union EV tax credit

Stock Markets Oct 29, 2021 06:22PM ET

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12 automakers urge California senators to oppose union EV tax credit

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WASHINGTON (Reuters) - Senior executives at 12 major international automakers on Friday urged California's two U.S. senators to oppose a proposal to give union-made electric vehicles an additional $4,500 tax credit.

The automakers including Toyota Motor (NYSE:TM) Corp, Volkswagen AG (OTC:VWAGY), Hyundai Motor Co and BMW AG, which said in 2020 they collectively employed over 9,000 California residents and generated $19.7 billion for the state's economy, asked Democratic Senators Dianne Feinstein and Alex Padilla in a letter seen by Reuters "to oppose any federally funded EV consumer incentives that do not treat California’s auto workers as equal to every other American auto worker."

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Comments (2)

Roger Miller Oct 30, 2021 2:47AM ET

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They all want something, and the rest of us have to pay, especially if you can’t afford a nice new EV vehicle, only a cheap used internal combustion vehicle fueled by high priced gas. Bidenomics 101

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Kevin Avila Oct 30, 2021 2:01AM ET

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Lol… they are naïve to beg before their doom. I cant wait for all the taxes on them as well.

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12 automakers urge California senators to oppose union EV tax credit

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