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By comparison, most EVs sold in the US are more expensive models, leaving America lagging behind China on the switch to electric.
The Biden administration launched its own round of government support for electric vehicles through the 2022 Inflation Reduction Act (IRA), which includes tax credits on US-made EVs that add up to a $7,500 subsidy.
A study by Penn Wharton University published last year found that all the clean vehicle provisions in the Act would cost about $393 billion between 2023 and 2032.
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