The tax bill’s EV credit limits are daunting for some
Stabenow — whose state is home to General Motors Co., Ford Motor Co. and Stellantis North America, which owns the Chrysler, Dodge, Jeep and Ram brands — said the industry is working “really, really hard” to clean up the supply chains for Electric vehicles don’t have to go through China to go on. But those efforts will take years, she said.
At least one of Stabenow’s big voters, GM, remains open-minded about the structure of the tax credits, although he is still reviewing the text.
“While some of the regulations are challenging and cannot be achieved overnight, we are confident that the significant investments we are making in manufacturing, infrastructure and supply chain, combined with the timely introduction of complementary policies, will position the US today as a global leader in electrification.” and into the future,” GM said in a statement earlier this week.
Some automakers warn of restrictions on incentives, such as Autos Drive America, which represents a dozen foreign automakers including Toyota Motor Corp. and Volkswagen AG. CEO Jennifer Safavian said in a statement that the group is still working to understand the implications of the proposed tax credit.
“We encourage Congress to steer clear of any policy that would limit EV production, hamper consumer adoption and make it more difficult to achieve our collective climate goals,” Safavian said.