us senate: US Senate bill to 'jeopardise' 2030 EV targets, claims automotive industry

 us senate: US Senate bill to 'jeopardise' 2030 EV targets, claims automotive industry 

A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a USD430 billion bill approved by the US Senate will put achieving US electric-vehicle adoption targets for 2030 in jeopardy.

The Alliance for Automotive Innovation had warned that most EV models would be ineligible for a USD7,500 tax credit for US buyers under the bill and had unsuccessfully lobbied to change sourcing requirements for battery components and critical minerals.

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"Unfortunately, the EV tax credit requirements will make most vehicles immediately ineligible for the incentive," said the group's chief executive, John Bozzella.

The change "will also jeopardize our collective target of 40-50 percent electric vehicle sales by 2030."

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