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

Payne Institute Director Morgan Bazilian contributed to this article about how 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. The extension on credits also included tough new limits on how much the EVs can cost, how much income their buyers can earn, and where the batteries and vehicles are made. With the Senate seeking to pass the hard-fought compromise bill in coming days, automakers are running out of time to get the tax-credit rules tweaked. August 2, 2022.