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Biden doles out billions in subsidies for electric vehicles, but sales stall

Auto dealers are struggling to sell a backlog of electric vehicles pushed onto their lots by

manufacturers forced to ramp up production by President Biden’s quest to end fossil fuels. Along the way, the government and utilities have shifted the cost to taxpayers through billions of dollars in subsidies. A new study calculates taxpayers are on the hook for a staggering $50,000 for every electric vehicle sold, or $22 billion annually. That number excludes a recently extended $7,500 tax credit for certain electric vehicle purchases.

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