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American Automakers Criticize New EV Bill

Several American automakers are displeased with a proposed electric vehicle (“EV”) bill that would make unionized automakers eligible for extra electric vehicle subsidies. A few days ago, the Democrats proposed an updated version of the current EV incentives program that would remove the limit on the number of vehicles a single automaker can sell with subsidies and introduce a higher payout of up to $12,500, with unionized automakers that produce electric vehicles and trucks locally being eligible for an additional $4,500 subsidy. The bill has been roundly criticized by Tesla, Toyota Motors and other auto companies that will miss out on the extra cash.

Executives from these disgruntled automakers say that the new $4,500 incentive for EVs assembled in a union factory is biased and unfairly favors General Motors, Stelantis (formerly Fiat Chrysler) and Ford Motor. Also known as the Detroit 3, these three automakers employ hourly workers who are represented by the United Auto Workers union, and if the proposed bill were to pass, all the electric vehicles they manufacture…

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NOTE TO INVESTORS: The latest news and updates relating to DSG Global Inc. (OTCQB: DSGT) are available in the company’s newsroom at http://ibn.fm/DSGT

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