President Joe Biden endorses legislation introduced by U.S. Rep. Dan Kildee (D-MI) that would expand the existing consumer tax credit for electric vehicle and add incentives for vehicles made with union labor, Kildee said Tuesday.
The legislation would expand the existing tax credit to up to $7,500 for another five years, and add incentives for vehicles made with union labor. After five years, the tax credit would only apply to those electric vehicles made with union labor. Companion legislation was introduced into the Senate by U.S. Sen. Debbie Stabenow (D-MI).
“My Build Back Better plan will boost our manufacturing capacity, investing in new and re-tooled facilities that employ American workers with good wages and benefits,” Biden said. “That includes grants to kickstart new battery and parts production. That includes purchasing incentives for families to buy clean, union-made vehicles like the ones championed by Debbie and Dan, in the Senate and the House.”
The legislation is endorsed by several national and local organizations including The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Ford Motor Company, General Motors, the American Lung Association, the Sierra Club and the Edison Electric Institute.
“President Biden is right. Electric vehicles made by union workers, here in America, are the future of the automotive industry,” Kildee said. “The Biden-Kildee-Stabenow tax credit included in the Build Back Better budget will help to create good-paying Michigan union jobs and help combat the climate crisis. I will continue to work with President Biden and Senator Stabenow to ensure that electric vehicles are built in Michigan with union workers.”