Taxpayer-Funded Incentives to Buy EVs Hit $2 Billion This Year, Treasury Says
By Tom Ozimek The U.S. Department of Treasury has announced that over $2 billion in taxpayer-funded electric vehicle (EV) tax credits have been provided to consumers since the beginning of the year, as part of the Biden administration’s electrification push. The subsidies, delivered as tax credits of up to $7,500 for new EVs and $4,000 for used models, have played a role in the purchase…
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