Foreign companies without US unions would also lose out under the 2nd incentive. It was reported that Honda also opposed the bill on Saturday. Toyota said the bill discriminated against “American auto workers based on their choice not to unionize.”
Actually, the Biden administration isn’t really choosing winners and losers. What they are doing is targeting Tesla and trying to turn a winner into a loser.
The bill is scheduled to be voted on by the House Ways and Means Committee on Tuesday.