GM, Ford, Stellantis, and Toyota are urging Congress to lift the $7,500 EV tax credit cap. The joint letter issued by the company CEOs says economic pressure is driving up the cost of manufacturing and increasing the price to consumers.
Some companies have already hit the 200k limit covered by the existing tax credits. With a combined $170B pledged to EV production, development, and sales by 2030, companies want to ensure EVs remain realistic options for customer budgets.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.