Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or plug-in hybrid vehicles
Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or hybrid vehicles.
The lack of credits is problematic for automakers shifting from petroleum-powered vehicles to batteries in the effort to reduce emissions, meet government fuel-economy standards and fight climate change. Nissan is about 30,000 vehicles away from reaching the cap, and others will follow as more EVs are introduced.
Carter, on a conference call with reporters, said Toyota lobbied against the additional credit only for union plants, calling it unfair to nonunion workers. “It just needs to be a level playing field,” Carter said. “We are not anti-EV credits.”
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