The actions of Tesla and Ford to reduce consumer costs for electric vehicles (EVs) were influenced by new federal subsidies starting this year, as part of President Biden’s Inflation Reduction Act. Both companies aim to allow buyers to fully benefit from tax credits of up to $7,500. For more on this topic, see xpeng l03 australia preorders open at a$41,900 — b. For more on this topic, see ev driver with 15% battery hit a police blockade a. However, this move has raised concerns among investors who fear that the price cuts, in combination with the influx of new EV … Continue reading Price Wars Looming: Tesla, Ford Reduce EV Prices Amid Subsidy Changes