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Republicans take a hatchet to IRA EV incentives in tax bill

Should the bill pass as is, it could have a substantial impact on both US EV adoption and domestic manufacturing. By Stewart Burnett

US house Republicans have unveiled their overhaul of taxes, which includes killing the US$7,500 federal tax credit for new electric vehicle (EV) purchases, among other incentives. The measure is part of a broader series of cuts that will likely impact both domestic EV adoption and US manufacturing.

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