NEW YORK/WASHINGTON — Japanese and European automakers have cried foul over Washington’s plans to subsidize electric vehicles made by union labor, declaring that the treatment would amount to a two-tiered system favoring a select group of manufacturers.
The Biden administration and Democratic lawmakers look to finalize a scheme that would grant a $4,500 tax credit for EVs assembled in union plants. It will be part of the proposed $1.75 trillion Build Back Better spending bill.
Toyota Motor aired its grievances in ads carried Tuesday in American newspapers.
The incentive plan “says that if [consumers] want to buy an electric vehicle not made by Ford, General Motors or Chrysler, they will have to pay an extra $4,500,” the ad reads.
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