Stock

Toyota desires to battle the US home's electrical automobile tax plan

© Reuters. FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show on October 24, 2019 in Tokyo, Japan. REUTERS / Edgar Su / file photo

WASHINGTON (Reuters) – Toyota Motor (NYSE 🙂 Corp said Saturday it would strongly oppose a proposal by the Democrats in the US House of Representatives to give union-made electric vehicles an additional $ 4,500 tax incentive in the United States.

Japan's largest automaker said the plan, unveiled late Friday, "discriminates against American auto workers for their choice not to unionize." The bill, due to be voted on Tuesday by the Democrat-led House Ways and Means Committee, would benefit Detroit's big three automakers who have unionized auto plants.

Toyota added that it "will also struggle to focus tax dollars on making all electrified vehicles accessible to American consumers who cannot afford high-priced cars and trucks."

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.

Fusion Media or any other person involved in Fusion Media assumes no liability for any loss or damage that might arise from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.

Related Articles