If EV rebates subsidize luxury cars, the Biden plan's already a bust
Commentary: There's zero reason to offset the price of a six-figure electric car.
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Rebates should benefit buyers shopping affordable cars, not luxury vehicles.
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President Joe Biden on Wednesday announced a sweeping $2.25 trillion infrastructure plan, which calls for a big change to the way the US treats electric car buyers -- the administration wants direct rebates at the point of sale. In other words, the government may soon provide you, the buyer, money towards a brand-new EV right as you sign on the dotted line. No tax credit, just cash going back into your pocket.