Elon Musk upset over proposed Democratic subsidies for unionized electric car companies

Tesla CEO Elon Musk is criticizing House Democrats and the Biden administration for providing tax incentives for union-built electric cars that won’t help his company or others that aren’t unionized.

Musk and other automakers say the tax benefits would unfairly boost the businesses of car companies such as GM, Ford and Chrysler, which are represented by the United Auto Workers union.

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The House Democrats in the Ways and Means Committee introduced a proposal earlier this month as part of their $3.5 trillion spending bill that would allow $4,500 in consumer incentives to buy a new electric vehicle, provided it Be federally created in the United States.

Tesla, as the only major US car company that is not unionized, opposes the proposed benefit, as do foreign automobile giants such as Toyota, Honda, Kia and Nissan, which say the union-created incentive is discriminatory and biased. .

“It’s written by a Ford/UAV lobbyist as they build their electric car in Mexico. It’s not clear how it serves American taxpayers,” says Moscow tweeted earlier this week.

Ford plans to produce more of its electric vehicles in the US next year, which will allow it to take advantage of new tax incentives.

In the past, Tesla, the largest electric vehicle maker in the US, has benefited immensely from government incentive programs for electric vehicles, such as the current $7,500 federal tax credit for purchasing electric vehicles. The new $4,500 incentive for union-built electric vehicles will be on top of the existing $7,500 credit for all electric vehicles purchased in the US

House Republicans this week also called the electric vehicle tax credit plan “perverse” and “unfair.”

Republican Representative Mike Kelly of Pennsylvania told the Detroit News that the tax incentives would primarily benefit giant automobile corporations and the wealthy, who have the ability to afford expensive electric cars.

However, Democrats such as Rep. Dan Kildy of Michigan, who is backed by the United Auto Workers union, say that electric cars are becoming more affordable and to combat climate change by reducing carbon emissions from gas-powered vehicles. Tax incentives are needed.

Click here to read more from The Washington Examiner

Democrats also say that tax incentives are representative of their priorities and goals.

“The Democratic caucus strongly values ​​workers’ rights as well as American-based manufacturing, both of which encourage this proposal,” Erin Hatch Thomas, communications director for the House Ways and Means Committee, said in a statement to the Washington Post.

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tags: News, Policy, Economy, Carmakers, Cars, Electric Vehicles, Tax Credits, Biden Administration, House Ways and Means Committee, House Democrats, Elon Musk, Tesla, GM, Ford, Chrysler

Original author: Nihal Krishan

Origin: Elon Musk upset over proposed Democratic subsidies for unionized electric car companies

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