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Electric Vehicles

Automakers Blitz Congress to Fix an EV Tax Credit They Can’t Use

  • Limits on Chinese content, electric-car pricing among concerns
  • Restrictions helped win support of skeptical Senator Manchin
Electricity Billionaire Is Building the Tesla of Thailand
Photographer: Brent Lewin/Bloomberg
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Automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats’ proposed new spending bill over concern that they stand to lose out from strict new limits on electric-vehicle credits.

An extension of the popular $7,500 tax credit available to EV buyers was included in the surprise breakthrough deal reached by Senator Joe Manchin and Senate Majority Leader Chuck Schumer last week. Manchin, a West Virginia Democrat, has long been a skeptic of the credit, dismissing it as “ludicrous” and arguing that it subsidizes production of Chinese-made batteries.