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Business

Biden Delivers Large Cash to EV Trade (There Could Be a Drawback)


The U.S. authorities and automakers appear to be on the identical web page about reworking the nation’s automobile tradition from one primarily based on an inner combustion engine to at least one primarily based on battery-powered electrical autos. 

Either side appear to grasp that such a big change would require tens of billions of {dollars} in investments earlier than shoppers migrate en-masse towards EVs. 

This week Ford  (F)  unveiled plans that ask its almost 3,000 sellers to speculate both $500,000 or $1.2 million to put in upgrades wanted to grow to be “EV-certified.”



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