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Strong incentives to switch to EV's

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Sweeping changes to fuel efficiency standards have been proposed by the US Environmental Protection Agency to boost the sales of electric vehicles so that they account for 67 per cent of new passenger cars sold in the US by 2032, although EVs only captured 6 per cent of America’s new car sales last year. 

The Biden administration has also pledged to spend billions to encourage the take-up of EVs, including nearly $15 billion for charging stations and $7 billion to support battery manufacturing, as well as up to $7500 in tax credits for people who purchase an EV and billions of dollars in grants to US manufacturers.

https://www.smh.com.au/politics/federal/world-s-rejected-cars-heading-our-way-if-poor-fuel-standards-remain-20230413-p5d04i.html



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