Currently, the number of tax credits allowed is capped at 200,000 per company. General Motors and Tesla have already reached the cap and Toyota is close to it.
In a letter to leaders of the Senate and House of Representatives, the chief executives of Ford, Toyota, GM, and Stellantis asked that tax credits be extended to anyone who seeks to buy a qualified vehicle.
Automakers want the cap lifted until "the EV market is more mature," they said, without giving a time frame.
"Eliminating the cap will incentivize consumer adoption of future electrified options and provide much-needed certainty to our customers and domestic workforce," the CEOs wrote.
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