Reuters

U.S. House plan would give electric vehicles boost but faces opposition

WASHINGTON (Reuters) -A $1.75 trillion Democratic spending proposal could give a big boost to electric vehicles especially to Detroit’s Big Three automakers and the U.S. Postal Service, but it faces opposition from Republicans, foreign automakers, Canada and Mexico. The House plan boosts electric vehicle credits to up to $12,500 per vehicle, including $4,500 for union-made vehicles and $500 for U.S.-made batteries. The EV tax credits would cost $15.6 billion over 10 years and disproportionately benefit Detroit’s Big Three automakers – General Motors, Ford Motor and Chrysler-parent Stellantis NV – which assemble their U.S.-made vehicles in union-represented plants.

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