Electric vehicles serve the public good — they reduce local air pollution and greenhouse gas emissions. But these social benefits are not reflected in the price of the vehicles, which remain, at this stage of market development, somewhat more expensive than comparable internal combustion engine (ICE) vehicles.
That is why EVs are the target of a range of supportive public policies, from a $7,500 federal tax credit to various state-level incentives, including tax credits and exemptions, access to special highway lanes, ...
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