A bid by the White House to dramatically boost electric vehicle tax credits hit a major roadblock on Sunday when a key Senate Democrat said he would not support a $1.75 trillion domestic investment bill.
Register now for FREE unlimited access to Reuters.comGM and Ford are both launching electric pickup trucks in 2022 and new tax credits could be crucial to meeting initial sales targets, as well as meeting rising vehicle emissions requirements.
Manchin opposes a $4,500 tax credit for union-made vehicles that is part of the $12,500 proposal. He calls the union credit "wrong" and "not American." and Chrysler parent Stellantis NV - which assemble their U.S.-made vehicles in union-represented plants.
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