Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

American Automakers Criticize New EV Bill

Several American automakers are displeased with a proposed electric vehicle (“EV”) bill that would make unionized automakers eligible for extra electric vehicle subsidies. A few days ago, the Democrats proposed an updated version of the current EV incentives program that would remove the limit on the number of vehicles a single automaker can sell with subsidies and introduce a higher payout of up to $12,500, with unionized automakers that produce electric vehicles and trucks locally being eligible for an additional $4,500 subsidy. The bill has been roundly criticized by Tesla, Toyota Motors and other auto companies that will miss out on the extra cash.

Executives from these disgruntled automakers say that the new $4,500 incentive for EVs assembled in a union factory is biased and unfairly favors General Motors, Stelantis (formerly Fiat Chrysler) and Ford Motor. Also known as the Detroit 3, these three automakers employ hourly workers who are represented by the United Auto Workers union, and if the proposed bill were to pass, all the electric vehicles they manufacture…

Read More >>

NOTE TO INVESTORS: The latest news and updates relating to DSG Global Inc. (OTCQB: DSGT) are available in the company’s newsroom at http://ibn.fm/DSGT

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)

For more information, please visit https://www.GreenCarStocks.com

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer

Green Car Stocks
San Francisco, California
www.GreenCarStocks.com
415.949.5050 Office
Editor@GreenCarStocks.com

Green Car Stocks is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.