UPDATE 1-USTR backs efforts to strengthen U.S. EV industry despite objections [Reuters]
Toyota Motor Corporation (TM)
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Source: Reuters
Electric cars sit charging in a parking garage at the University of California, Irvine January 26, 2015. REUTERS/Lucy Nicholson/File Photo Dec 3 (Reuters) - The U.S. Trade Representative's office said on Friday it was committed to legislation strengthening the domestic electric vehicle industry despite objections from Mexico and Canada over a proposed tax credit for electric vehicles built by U.S. union workers. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs built in the United States by union workers, effective after 2027. It is included in the Biden administration's sweeping climate and social spending legislation now under consideration by Congress. Canadian trade minister Mary Ng told Reuters on Friday that Canada still had some room to maneuver to persuade U.S. senators to block the U.S. Senate from approving the specific U.S. union-made EV provision passed by the House of Representatives. She said Canada "will respond accordingly" if it is enacted,
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