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Toyota says U.S. EV bill gives ‘exorbitant tax breaks’ to wealthy

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The Toyota brand is seen at a sales space throughout a media day for the Auto Shanghai present in Shanghai, China, April 19, 2021. REUTERS/Aly Track/File Picture

WASHINGTON, Sept 13 (Reuters) – Toyota Motor Corp stated on Monday {that a} proposal by Democrats within the U.S. Home of Representatives to offer union-made electrical autos in america an extra $4,500 tax incentive discriminates towards practically half of American autoworkers.

In a letter to Congress from Toyota executives in practically a dozen U.S. states, the Japanese automaker urged lawmakers to “reject utilizing the nation’s restricted assets to offer exorbitant tax breaks to these rich sufficient to purchase high-priced vehicles and vans.”

Reporting by David Shepardson; Modifying by Leslie Adler

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