US EV makers do not expect expanded federal support even after Democrats take control of Congress
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View chart & analysis → - 1CEOs of Rivian Automotive, Lucid Group, and Scout Motors stated they do not expect federal support to increase even after Democrats take control of Congress.
- 2As of September, the average price of new EVs recorded by Cox Automotive was over $54,800, slightly exceeding the industry average price of $51,100 from the previous month.
- 3With the Biden administration's customer incentives of up to $7,500 having ended, the industry mentioned the need for long-term strategies that do not rely on incentives.
So what's the key point?
Electric vehicle companies said that government subsidies are not expected to increase further. This means they need to create long-term plans to survive without those subsidies.
Source CNBC · View original ↗
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