Automakers say US Senate bill will jeopardize 2030 targets for EVs

Automakers say US Senate bill will jeopardize 2030 targets for EVs

FILE PHOTO – Volkswagen employees stand next to Volkswagen electric cars at a ceremony at Volkswagen’s first battery cell factory, ‘SalzGiga’, in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug. 7 (Reuters) – A group representing General Motors (GM.N), Toyota Motor (7203.T), Volkswagen (VOWG_p.DE) and … Read more

US automakers say 70% of EV models are ineligible for tax relief under Senate law

US automakers say 70% of EV models are ineligible for tax relief under Senate law

The new GM logo can be seen on the facade of General Motors headquarters in Detroit, Michigan, US, March 16, 2021. REUTERS/Rebecca Cook Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug. 5 (Reuters) – Most electric vehicle models would not qualify for a $7,500 tax credit for U.S. buyers under a Democratic … Read more