Regulation & Safety

Biden spending proposal backs union-made EV credit

Senate passes infrastructure bill
(Bloomberg)
B
By:
Bloomberg
October 29, 2021 06:57 PM

Detroit automakers would be able to offer $4,500 more in tax credits to U.S. electric car buyers than rivals such as Tesla Inc. and Toyota Motor Corp. under the $1.75 trillion tax and spending proposal unveiled by the White House on Thursday.

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