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US electric vehicle market set for sustained growth despite stricter subsidy rules – ING Think

US electric vehicle market set for sustained growth despite stricter subsidy rules – ING Think

US EV-sales are catching up on the back of supportWe argued in our previous article that while the uptake of electric vehicles (EVs) in the US has been slow, times are changing. Indeed, the Biden administration has passed the landmark Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), which allocates federal spending to improve EV charging infrastructure and offers considerable tax credits, respectively. This new policy environment is encouraging automakers to raise the level of EV… 

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