California Ends Electric-Car Rebates For Wealthy Buyers, Boosts Them For Poorest (UPDATED)

Purchase rebates and tax credits have been a major factor in the growth of electric cars over the past few years. By easing the price gap between electric and internal-combustion models--and providing the allure of a cash handout--they've helped get more people into electric cars. But for some consumers, price is less of a concern than it is...

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