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SupplyChain Constraints As EV demand grows, so does the need for materials critical to battery production. The reliance on a few countries for these materials exposes the industry to supplychain disruptions.
Consumer rebates have proven effective in addressing the affordability of EVs, as demonstrated in provinces like Quebec and British Columbia. So clearly, consumer EV rebates offer a proven and powerful tool to address the affordability gap without endangering the domestic manufacturing base. Too soon, gang. Yes, I believe they will.
The automotive retail sector has weathered considerable challenges in recent years, from economic uncertainty to supplychain disruptions. Government-backed incentives, such as tax rebates or subsidised loans for EV purchases, could reinvigorate consumer demand and drive much-needed sales growth.
Government Incentives: Many regions offer tax rebates and incentives for purchasing EVs, making them more attractive to buyers. Connected Cars Connected cars are enhancing the driving experience by integrating technology that enables communication between the car, the driver, and external networks.
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