Senate tax plan does not kill electric vehicle creditWASHINGTON (Reuters) - A U.S. Senate tax reform proposal unveiled on Thursday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives have proposed. Killing the credit could hurt automakers like General Motors Co, Volkswagen AG, Tesla Inc and Nissan Motor Co. Current law allows automakers to use the credit, which phases out after an automaker hits 200,000 plug-in vehicles sold. Electric vehicles have expensive batteries that make them pricier than gasoline-powered vehicles. politicsNews
senate tax plan kill electric vehicle creditwashington reuters a senate tax reform proposal unveiled thursday eliminate electric vehicle tax credit republicans house representatives proposed killing credit could hurt automakers like general motors co volkswagen ag tesla inc nissan motor current law allows automakers use credit phases automated hits vehicles sold electric vehicles expensive batteries make price vehicles politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Senate tax plan does not kill electric vehicle creditWASHINGTON (Reuters) - A U.S. Senate tax reform proposal unveiled on Thursday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives have proposed. Killing the credit could hurt automakers like General Motors Co, Volkswagen AG, Tesla Inc and Nissan Motor Co. Current law allows automakers to use the credit, which phases out after an automaker hits 200,000 plug-in vehicles sold. Electric vehicles have expensive batteries that make them pricier than gasoline-powered vehicles. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: senate tax plan kill electric vehicle creditwashington reuters a senate tax reform proposal unveiled thursday eliminate electric vehicle tax credit republicans house representatives proposed killing credit could hurt automakers like general motors co volkswagen ag tesla inc nissan motor current law allows automakers use credit phases automated hits vehicles sold electric vehicles expensive batteries make price vehicles politicsnews