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China’s EV Threat Sharpens As U.S. And Europe Stumble – Forbes

China’s EV Threat Sharpens As U.S. And Europe Stumble – Forbes

China’s electric vehicles (EV) are getting cheaper, while the reverse is happening in Europe and the U.S., according to a report from auto industry consultants JATO Dynamics. This will come as no surprise to shareholders in Ford, General Motors, Mercedes and Volkswagen, who have seen stock prices hit after ambitious sales targets for EVs stumbled. Europeans will be more worried than American buyers because the Biden administration insists EV buyers can only claim a $7,500 tax credit if batteries contain… 

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