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Tax credit changes prompt EV price cuts 

General Motors, Hyundai offer $7,500 incentives 

Amanda Harris

More automakers will likely cut prices and offer incentives on electric vehicles following changes to federal tax credit requirements.  Effective Jan. 1, Biden administration changes exclude electric vehicles with battery components produced by Chinese manufacturers from qualifying for the credit. The change may prompt manufacturers to decrease prices to attract buyers, Tenet Chief Executive Alex […]

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