Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits
Teslarati
JUNE 13, 2022
The CEOs of Ford, General Motors, Stellantis, and Toyota all urged Congress to eliminate the cap on the $7,500 electric vehicle tax credit as zero-emissions vehicles cost more to manufacture. However, Ford sold 160,000 EVs last year alone, and Toyota said in Apri l it expects to lose its access to the $7,500 credit later this year.
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