Automakers say a Senate bill will hurt 2030 EV goals
A group representing GM, Toyota, Volkswagen, and other automakers warned a $430 billion Senate bill will jeopardise U.S. electric-vehicle adoption targets for 2030.
John Bozzella, CEO of the Alliance for Automotive Innovation, said the EV tax credit rules will make most vehicles ineligible.
The bill "threatens our goal of 40-50% electric vehicle sales by 2030."
Most EV vehicles won't qualify for a $7,500 tax credit under the measure, the organisation warned Friday.
Some current EVs won't be eligible for the credit after the measure takes effect since they weren't assembled in North America.
After 2023, vehicles with Chinese batteries may not get the credit, and sourcing of essential minerals may be limited.
The measure gives used EVs a $4,000 tax credit. The plan includes $3 billion for the U.S.