Posts tagged federal tax credits
Unions rebut claims green jobs will be worse for workers
September 26, 2023 // Automakers are in the midst of a massive transition to electric vehicles and other zero-emission models. While many announced voluntary goals of their own prior to Biden’s election, the shift is encouraged in part through federal tax credits included in last year’s climate, tax and health care reconciliation law known as the Inflation Reduction Act. Supporters of the transition say the issue at the moment is not one of job quantity. Job growth in zero-emission vehicles has significantly outpaced internal combustion engine vehicles, according to a report released this month by the nonpartisan business group E2. While the gas- and diesel-powered vehicle industry grew by 1.6 percent last year, the electric vehicle industry grew by 26.8 percent. Amid the transition, the UAW has expressed concerns that many of the jobs at these new facilities offer lower pay and fewer benefits to workers compared with jobs manufacturing internal combustion engines.