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The U.S. Zigs While the Rest of the World Zags on EV Subsidies

While Build Back Better was sent back to the drawing board, a revised EV tax credit looks likely.

A Toyota employee displays a battery charger for the plug-in hybrid version of the Prius in Tokyo.

A Toyota employee displays a battery charger for the plug-in hybrid version of the Prius in Tokyo.

Photographer: Tomohiro Ohsumi/Bloomberg
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Subsidies for electric vehicles are heading in very different directions in different parts of the world.