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Automakers urge U S support for EV charging, R&D, incentives

Automakers urge U.S. support for EV charging, R&D, incentives 12/15/2020 WASHINGTON, Dec 15 (Reuters) - A major automotive trade association on Tuesday urged U.S. policymakers to back sweeping support for electric vehicles (EV), including new incentives for research and development and consumer purchases. President-elect Joe Biden has made boosting electric vehicles a top priority and pledged to build 550,000 new EV charging stations. He also supports new tax credits for consumer purchases and retrofitting factories for EV production. The Alliance for Automotive Innovation, the auto trade group representing General Motors Co, Volkswagen AG , Toyota Motor Corp, Ford Motor Co and nearly all major automakers, called in a report released Tuesday for a series of steps to boost the EV market and to revamp regulatory oversight of self-driving vehicles.

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