Foreign automakers ask U.S. House Democrats to reject union EV tax credit

Published by
Reuters

(Corrects misspelled word in paragraph 4) By David Shepardson WASHINGTON (Reuters) – A group of 12 major foreign automakers, including Toyota Motor Corp, Volkswagen AG, Hyundai Motor Co and Nissan Motor Co, urged U.S. House of Representatives Democrats to reject a proposed $4,500 tax incentive for U.S-made electric vehicles by union workers. A House panel this month approved legislation to boost EV credits to up to $12,500 per vehicle, including $4,500 for union-made vehicles and $500 for U.S.-made batteries. The foreign automakers U.S. units in a letter sent to House Speaker Nancy Pelosi and …

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