Automotive research company Edmunds warned that the elimination of the $7,500 U.S. tax credit for electric vehicles (EV) is, “likely to kill the EV market” according to Bloomberg.
Think about this. TESLA, an electric car company that has yet to make a profit, has the largest market capitalization of any U.S. auto company recently surpassing both Ford and General Motors, and a leading auto company analyst predicts that absent federal government subsidies, the entire market for their product will collapse…
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from - The Hill - by Rick Manning
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