WASHINGTON — The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other nations wrote U.S. lawmakers expressing a proposed U.S. electric powered vehicle tax credit violates worldwide…
Tag: Credit
Energy secretary defends Tesla EV tax credit exclusion
Electricity Secretary Jennifer Granholm on Friday defended the Biden administration’s proposal to give tax credits for electrical motor vehicles produced by unionized automakers, a transfer that could exclude non-union Tesla.…
Tesla, Toyota and Honda criticize $4,500 tax credit for union-made EVs
A gentleman attaches a charging plug to a General Motors Co. (GM) Chevrolet 2017 Volt hybrid electric powered automobile (EV) at a charging station in Jeju, South Korea. SeongJoon Cho…
GM-backed Cruise secures $5 billion credit for self-driving robotaxis
Cruise, a vast majority-owned subsidiary of Normal Motors, has secured a new $5 billion line of credit history as it prepares for commercialization of its autonomous journey-hailing business. The new…