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Toyota Has Exhausted All US Tax Credits Even As It Is Just Getting Started With EVs

03 Jul 2022 | Abstracted from Benzinga

"...The world's largest automaker's cumulative sales have now exceeded the threshold" of 200,000 electric drive models.

"The other automakers, which have hit the ceiling, include General Motor and Tesla... have been lobbying Congress for an extension of the tax credits..." Both have "expressed their unhappiness over a proposal by the Biden administration to offer an incremental $4,500 credits to unionized automakers."



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