Tuesday, January 31, 2023

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

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© Reuters. FILE PHOTO: Toyota logo is seen in Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun

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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:) Corp, Volkswagen AG (OTC:), 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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