Is it really time to switch off the subsidy tap for the electric vehicle market?

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  As the US government looks at ways in which to reduce the federal budget a number of experts have stepped forward to suggest that the electric vehicle tax credit, which could cost taxpayers around $7.5 billion over the next few years, should be reviewed. We’ve also seen the UK government refusing to give medium-term confirmation of its plans for the current financial incentives to acquire electric vehicles and some other governments around the world seem keen to reduce their spending in this area. When economies were flying high, tax…

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