This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEH9S16Y_L.jpg
WASHINGTON (Reuters) – Senior executives at 12 major international automakers on Friday urged California’s two U.S. senators to oppose a proposal to give union-made electric vehicles an additional $4,500 tax credit.
The automakers including Toyota Motor (NYSE:TM) Corp, Volkswagen AG (OTC:VWAGY), Hyundai Motor Co and BMW AG, which said in 2020 they collectively employed over 9,000 California residents and generated $19.7 billion for the state’s economy, asked Democratic Senators Dianne Feinstein and Alex Padilla in a letter seen by Reuters “to oppose any federally funded EV consumer incentives that do not treat California’s auto workers as equal to every other American auto worker.”
