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” so that EV supply chains don’t have to run through China. But that effort will take years, she said.
At least one of Stabenow's big constituents, GM, is keeping an open mind about the tax credit structure, although it is still reviewing the text.
"While some of the provisions are challenging and cannot be achieved overnight, we are confident that the significant investments we are making in manufacturing, infrastructure and supply chain along with the timely deployment of complementary policies can establish the U.S. as a global leader in electrification today, and into the future," GM said in a statement earlier this week.
Some automakers are warning of constraints on incentives, like 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 proposed tax credit’s impact.
“We encourage Congress to steer clear of any policy that would constrain electric vehicle production, hinder consumer adoption, and make it more difficult to achieve our shared climate goals,” Safavian said.
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August 04, 2022 at 04:03PM
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Tax bill's electric vehicle credit limits discouraging to some - Roll Call
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