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Canada’s federal government teamed up with Quebec’s provincial government to offer a Swedish company $2 billion in subsidies.
Some popular auto models will no longer get the full tax credit next year because of where their components originate.
The automaker has expanded its line of hybrid vehicles as it bets that some motorists are not ready for fully electric vehicles.
Boosters of the technology say it could reduce the size — and cost — of EV batteries.
Even though prices have come down and the federal government is helping with rebates, the average price is still above $50,000.
For the first time, the electric vehicle maker’s market share is under 50%.
The goal: Make buying an electric vehicle more attractive and simpler.
With electric vehicles becoming more common, some states, like Texas, are levying flat fees to make up the shortfall.
The International Energy Agency expects demand to grow, but more slowly than this year. OPEC expects it to stay about the same.
In April, the state’s Air Resources Board adopted a new mandate that would require companies with fleets of 50 or more trucks to start transitioning to electric vehicles.
