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Friday, January 21, 2022

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    Foreign auto group launches ad campaign opposing EV tax credits

    An advocacy organization for foreign automakers selling vehicles in the United States has launched an ad campaign opposing electric vehicle tax credits that would favor the Detroit Three by boosting union-made cars. 

    Autos Drive America’s first ad, “This is An Insult,” is being published “across various media platforms” in Washington, D.C., and in auto manufacturing states around the country, according to the organization. The group represents 12 foreign automakers, including Honda Motor Co., Toyota Motor Corp., Volkswagen AG and more. 

    “American autoworkers take pride in their work. They pay taxes. They support American communities. So why is congress pushing EV incentives that only benefit union workers?” the advertisement says. “It’s not fair, it’s an insult to American auto workers.”

    The group is opposing an EV tax credit proposal from Rep. Dan Kildee, D-Flint Township, and Sen. Debbie Stabenow, D-Lansing, that passed out of a House committee last week and which would be included in Democrats’ $3.5 trillion social spending bill. 

    Kildee and Stabenow’s legislation would eliminate the automaker cap on EV credits and implement a $7,500 point-of-sale consumer rebate for electric vehicles. The bill would also pay out an additional $4,500 for vehicles assembled in a union facility and $500 for vehicles using a battery manufactured in the U.S.

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