Toyota, Honda Oppose U.S. House Electric Vehicle Tax Plan, Say It Is 'Unfair'


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Toyota Motor Corp and Honda Motor Co have vehemently opposed the proposal to give union-made electric vehicles in the U.S. an additional $4,500 tax incentive.

What Happened: The bill, proposed by the Democrats in the U.S. House of Representatives, is set to be voted on Tuesday by the Democratic-led House Ways and Means Committee.

The bill, which is part of the $3.5 trillion spending proposal, would benefit Detroit's Big Three automakers, which have union-represented auto plants, according to....READ MORE HERE