American Automakers Criticize New EV Bill
Several American automakers are displeased with a proposed electric vehicle (“EV”) bill that would make unionized automakers eligible for extra electric vehicle subsidies. A few days ago, the Democrats proposed an updated version of the current EV incentives program that would remove the limit on the number of vehicles a single automaker can sell with subsidies and introduce a higher payout of up to $12,500, with unionized automakers that produce electric vehicles and trucks locally being eligible for an additional $4,500 subsidy. The bill has been roundly criticized by Tesla, Toyota Motors and other auto companies that will miss out…