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What Will Be the Impact on EV Prices from the Scrapping of the $7,500 U.S. Electric Vehicle Tax Credit?
4 day ago /
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Author：小编
Come October 1, the $7,500 federal tax credit available to electric vehicle (EV) purchasers in the United States is slated to come to an end. This has sparked predictions of a consequent drop in EV sales across the country. Both automakers and consumers are keeping a keen eye on the situation, wondering: What will be the effect on EV prices? This tax - credit policy, which was put into effect in 2022, formed a crucial part of the Biden administration's legislative efforts to bolster the electric vehicle and green energy sectors. The removal of this credit can be traced back to a wide - ranging spending and tax legislation that President Trump signed into law in July of this year.
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