Electric Vehicle Manufacturers Ask Congress to Reconsider EV Tax Credit Cap
Although the electric vehicle industry is poised to experience significant growth over the next couple of decades as more people ditch their combustion engine cars for EVs, affordability remains a major problem. A majority of American families simply cannot afford to buy an electric vehicle, and a significant percentage of EV owners had to rely on government subsidies and incentives to buy their EVs. With lithium ore prices on the rise, the supply chain in disarray and the computer chip shortage still continuing, EV production costs are only going higher. For electric vehicles to become as affordable as regular gas-powered…