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Retail & Government Spending on EVs Share of government spending has plateaued since 2023 in all regions as subsidies are reduced. In China, the fraction of support offered to PHEVs has increased. The full impact of IRA ending in the US will be seen in 2026. GLOBAL CONSUMER AND GOVERNMENT SPENDING ON ELECTRIC CARS, 2017-2024
Source: IEA
GOVERNMENT SPENDING ON ELECTRIC CARS BY REGION AND POWERTRAIN, 2019-2024
Extracted from the PDF; charts and images may read imperfectly.
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