More than 100 U.S. lawmakers call on Pelosi to support Union EV tax credit


© Reuters File Photo: General Motors Assembly workers partially assembled 2018 Chevrolet Bolt EV car under a mix line Ovarian Assembly, Michigan, USA, March 19, 2018 Relivers / Rebecca Cook / File Photo


WASHINGTON (Reuters) – More than 100 U.S. House lawmakers on Tuesday asked Speaker Nancy Pelosi to keep a 4 4,500 tax credit incentive for Union-made electric vehicles (EVs).

In a letter seen by Reuters, Democrats urged Pelosi to retain credits backed by the United Auto Workers Union and the AFL-CIO. The ারের 4,500 credit to Detroit’s three carmakers-General Motors Company (NYSE :), Ford Motor (NYSE 🙂 Co., and Chrysler-Parent Stellantis, will be a significant incentive.

“We support the playground equally between non-union and unionized workers, including a ,500 4,500 incentive to support union-made EVs,” the letter said.

Tesla (Nasdaq 🙂 Inc. and foreign car manufacturers do not have a union representing assembly workers in the United States, and many have made efforts to organize U.S. plants.

Last month, 12 major foreign car manufacturers, including Toyota Motor (NYSE) Corp., Volkswagen AG (OTC :), Honda Motor, Hyundai Motor and Nissan (OTC 🙂 Motor, have called on Democrats to reject the proposed $ 4,500 tax incentive.

A House panel last month approved legislation to increase EV Credit to $ 12,500 per car, including $ 4,500 for union-made vehicles and $ 500 for U.S.-made batteries.

Foreign carmakers said the proposal would “unfairly harm American workers who have decided not to join a union and produce more than half of all cars in the United States and the majority of American-made EVs.”

The proposed tr.5 trillion dollar tax credit as part of the cost bill, will cost 15 in 10 years. billion billion dollars.

The EV proposal phased out tax credits, while automakers sold 200,000 electric vehicles, which would re-qualify GM, including Tesla, although Tesla would not receive the ,500 4,500 credit.

Tesla chief executive Elon Musk suggested on Twitter last month (NYSE 🙂 that the EV proposal was “written by Ford / UAW lists … it’s not clear how American taxpayers work.”

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and forex prices are provided by market makers rather than exchanges, and so prices may not be accurate and may differ from actual market prices, meaning prices are not indicative and suitable for trading purposes. Therefore, Fusion Media is not responsible for any of your trading losses as a result of using this data.

Fusion Media Or anyone involved with Fusion Media will not assume any liability for loss or damage as a result of relying on the information contained in this website, including data, quotes, charts and buy / sell signals. Please be fully aware of the risks and costs associated with trading in the financial markets, this is one of the potential risky investment forms.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button