Toyota, Honda Oppose U.S. House Electric Vehicle Tax Plan, Say It Is 'Unfair'

[Yo_Mama_Been_Loggin]

Toyota Motor Corp (NYSE: TM) and Honda Motor Co (OTC: HNDAF) have vehemently opposed the proposal to give union-made electric vehicles in the U.S. an additional $4,500 tax incentive.

What Happened: The bill, proposed by the Democrats in the U.S. House of Representatives, is set to be voted on Tuesday by the Democratic-led House Ways and Means Committee.

The bill, which is part of the $3.5 trillion spending proposal, would benefit Detroit's Big Three automakers, which have union-represented auto plants, according to Reuters.

Japan's largest automaker Toyota says the proposed plan discriminates "against American autoworkers based on their choice not to unionize." Toyota added that it will also "fight to focus taxpayer dollars on making all electrified vehicles accessible for American consumers who can't afford high-priced cars and trucks."

https://finance.yahoo.com/news/toyota-honda-oppose-u-house-180941286.html

Elon Musk is angry about a new bill that includes a $4,500 tax incentive for electric vehicles built by companies with unions

Democratic House lawmakers on Friday put forward a bill that would give a $4,500 tax incentive to consumers buying electric vehicles assembled at US facilities with a union.

Musk tweeted on Sunday that the bill had been engineered by lobbyists for Ford and the United Auto Workers union.

"This is written by Ford/UAW lobbyists, as they make their electric car in Mexico. Not obvious how this serves American taxpayers," the Tesla billionaire tweeted, linking to a Bloomberg article about Ford's production of its Mustang Mach-E cars at its Mexico plant.

Link to tweet

The $4,500 incentive could give an advantage to unionized US automakers such as GM, Ford, and Chrysler, while Tesla - which has historically opposed unionization - could lose out.

https://www.yahoo.com/news/elon-musk-angry-bill-includes-121516076.html

[lagomorph777]

1. This is a sticky one. Nice to help out unions, but the big three are way behind on electric cars.

To get electrification kick-started, the incentive needs to be broader-based.

[JohnSJ]

3. You are right

[mahatmakanejeeves]

2. Additional links:

The Morning Shift

BMW Pledges To Keep Prices High As Costs Drop

Daimler and BMW are passing the savings along to … not you.

ByRaphael Orlove
Today 10:26AM

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3rd Gear: Toyota Mad EV Incentives Don’t Favor Its Non-Union Cars

Speaking of Toyota, it’s mad about EV credits in America that favor union-made cars, as Bloomberg also reports:

Under the 10-year proposal unveiled late Friday, union-built EVs will get an additional $4,500 tax incentive, a measure that would favor the three traditional Detroit carmakers — General Motors Co., Ford Motor Co. and Stellantis NV — whose factory workers are represented by the United Auto Workers. That sweetener would be on top of a $7,500 base incentive that would be available for EVs.

The current draft discriminates “against American autoworkers based on their choice not to unionize,” Toyota said in a statement Saturday. “We will also fight to focus taxpayer dollars on making all electrified vehicles accessible for American consumers.”

Discriminating against workers’ choice to not unionize is some severely twisted logic. Americans are better off in unions, and it’s only the prolonged campaigns of big business that put any other thought in our heads.

Toyota is not alone. Tesla is pissed, as is Rivian. Maybe they should unionize! Seems like a win-win.

{snip}

Elon Musk Thinks He Knows Who To Blame

Musk tweets again, this time calling foul on proposed tax credit expansions that exclude Tesla.

ByJosé Rodríguez Jr.
Today 12:59PM

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[Fiendish Thingy]

4. Boo-fucking-Hoo

I own two Toyotas, and I’m all for this measure.

[Dream Girl]

5. I'm thinking about that Volvo EV I believe they are built in South Carolina and unionized (at least

Their trucks are. Maybe for my birthday in February… No more Toyota’s after their support of insurrectionist!