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“Written by Ford, UAW lobbyists”: Tesla, Toyota fire back on EV tax

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Those buying union-manufactured vehicles are the winners, but not in the eyes of those who are against the tax bill.

Elon Musk’s Tesla stands with Toyota against new tax bill

Automotive companies Tesla and Toyota are at odds with Ford and the United Auto Workers (UAW) Union over a new proposal to award union-made electric vehicles (EV) with a pricey tax incentive. 

The 3.5 trillion dollar bill will benefit those whose vehicles are assembled in UAW represented plants, providing them with a $4,500 tax reduction.

General Motors, Ford and Chrysler’s parent-company Stellantis NV will reap the benefits of the bill, which is set to be taken up by the House Ways and Means Committee on Tuesday.

Under the proposal, some buyers may be eligible for $12,500 in maximum tax credit, which includes $500 for using batteries manufactured in the United States.

Additionally, tax credits will be phased out after car and truck manufactures hit 200,000 in EV sales.

Not good news for everyone

However, Toyota says the plan discriminates against American auto workers who don’t belong to a union and awards wealthy buyers with huge tax breaks. 

Tesla, along with international automakers, are also among the automotive companies that don’t have unions – they too in protest of the bill.

Elon Musk, Tesla Chief Executive took to Twitter to express his concern, adding to growing number of auto manufacturers unimpressed with the proposal.

“This is written by Ford/UAW lobbyists, as they make their electric car in Mexico. Not obvious how this serves American taxpayers.”

His response comes after Electric Vehicle news channel Whole Mars Catalog, asked for the CEO’s thoughts on the “already ridiculous” rule.

“My [jaw] was on the floor when they expanded it to $4,500 for unions and reduced the American-made to only $500,” the news blog tweeted. “They are clearly targeting one company here.”

“American-made should be the top priority! We need to be making cars of the future here, not losing our auto industry to Mexico and China.”

Written by Rebecca Borg

Business

EU plans to force USB-C chargers for all phones

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EU plans to make USB-C connectors the standard port for all smartphones and tablets, angering Apple

The European Commission rules to force manufacturers to create a universal charging solution for phones and small electronic devices. The European Commission is aiming to have a common charging port for all mobile phones, tablets, cameras, headphones, and handheld videogame consoles.

The ruling has been in the making for a decade, with environmental concerns the main driving force behind the historic move.

Reducing waste

The rule will reduce waste by encouraging consumers to re-use existing chargers when buying a new device. Politicians have been pushing for this uni9versal charging rule for over a decade.

Disposed and unused charging cables generate approximately 11,000 tonnes of waste per year.  Research shows the average person owns around three mobile phone chargers.

A decade ago there were about 30 different types of chargers, now, phones use either USB-C, lightning, and USB micro-B.

Rotten Apple

The move would see all smartphones in the EU sold with the same charger, a motion Apple is not happy about. The tech giant says this move would damage ongoing innovation.

The tech giant is the main manufacturer of smartphones using a custom charging port, as its iPhone series uses an Apple-made “Lightning” connector. Apple argues its Lightning connector is used by one billion active iPhone users.

“We remain concerned that strict regulation mandating just one type of connector stifles innovation rather than encouraging it, which in turn will harm consumers in Europe and around the world,”

Apple spokesperson

The proposed changes would apply to the charging port on the device body and will also standardise charging speeds. It may be a number of years before the proposals come into effect.

It will be thoroughly debated by the European Parliament and national Governments.

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Trade war fires up as U.S companies pass tariffs onto consumers

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Japan Exports

The trade war between the United States and China is continuing to heat up, but this hasn’t stopped American businesses from leaving the Chinese mainland

This all follows the US implementing tariffs on billions of dollars worth of Chinese consumer products in a bid to bring manufacturing back to American shores.

A new report has found this is hurting the US economy and has not been successful in pressuring China to change any of its economic policies.

Meanwhile, businesses based in either China and America have remained “deeply integrated” with the other… with foreign investment into China hitting a record high of US$144.4 billion in 2020.

This comes as Joe Biden moves to review US policy towards China, including the previous policies of Donald Trump.

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Energy prices soar for Europeans as winter chill approaches

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There are growing concerns for European residents as energy prices continue to skyrocket in the lead-up to winter

The wholesale prices of natural gas in Britain, France, Spain, Germany and Italy have reached record highs, with overall household bills now through the roof.

This all comes as the continent braces for a cold winter and fuel is needed for increased electricity generation.

Meanwhile, the Europen Consumer Organisation warns it has seen a huge price increase… saying “It’s worrying ahead of the winter when gas consumption will necessarily increase.”

This latest price hike is being caused by a number of factors… including a depletion of natural gas stockpiles during a cold spring and a growing demand for gas in China.

Russia is also supplying less gas to the market than it ever has before.

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