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How Tax Credits and Government Subsidies Have Aided the Electric-Vehicle Market

Electric vehicles are getting a lot of attention now. Car companies are quickly refashioning their lineups to incorporate more plug-in models and investors are betting big on Tesla Inc . and other newer challenger brands, such as Rivian Automotive Inc . and Lucid Group Inc.

Governments around the world are making a major push to accelerate electric-vehicle adoption among buyers, looking to reduce greenhouse-gas emissions and seed growth of cleaner technologies.

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