The Democratic-run House Ways and Means Committee’s proposals for the party’s $3.5 trillion spending package include new tax credits for electric vehicles, as Washington continues to push for a shift away from gasoline-powered cars.
Under the new proposal, that cap of 200,000 would go away, so buyers of EVs from Tesla and GM would get credits again. Supporters of the Ways and Means Committee’s proposal for the new EV tax credits range from the Sierra Club and the United Auto Workers to the Big Three — Ford F, +1.36%, GM and Chrysler parent Stellantis STLA, -0.77%.
The Republican criticisms have included Rep. Carol Miller of West Virginia tweeting that it’s “hard to imagine how giving a tax break of $12,500 to someone buying a $74,000 electric vehicle is a way to help working class workers.” Meanwhile, Tesla CEO Elon Musk, whose factories aren’t unionized, has slammed the provision that gives the additional $4,500 credit for union-made EVs as “written by Ford/UAW lobbyists, as they make their electric car in Mexico,” adding that it’s “not obvious how this serves American taxpayers.”
As a republican, not the worse idea in the world, but I agree its only going to be used by those who are well off.
Weird pandering to unions like this. Government will give you a bigger credit to account for shitty Union. Makes sense
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