After years of supporting American electric vehicles, federal tax credits purchases ended on October 1st and eliminated tax incentives for both new and used electric cars. Although buyers rushed to complete purchases before the deadline and created a temporary sales surge, the U.S. electric vehicle market is facing demand uncertainty now that the subsidies that allowed costly EVs to be price competitive with gas-powered cars are no more.
All eyes will now be on other EV startups like Bollinger Innovations, Inc. (NASDAQ: BINI) to assess how they are responding to a changed market in…
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