I think that the subsidy issue is a bit of red herring to whole issue the burgeoning EV and clean electric power generation technology. The whole world has decided to make a space race kind of effort to bring it forward for a host of reasons, cost, profit, climate change, the finite supply of fossil fuels, efficiency, jobs, and competition. Frankly the Japanese really spearheaded this new mode of powering transportation and brought it to scale that was profitable before any US subsidies and I am unaware of how it was financed in Japan. The US has used subsidies for farm crops, oil and gas exploration, pubic universities and heath programs, transportation, pollution control to name a few. There are many here are against subsidies for EV and clean electric power generation technology and others say we need to move that direction so my tax dollars are being well spent. But arguing over it (for which I must own and admit to giving and taking the bait) is unproductive to conversation because once you say you are for or against or on the fence about subsidies that's it. They are here, maybe too much or too little, maybe an affront to your view capitalism or just how capitalism works. From here on I plan to TRY to avoid arguing about something that I can not change and as a mechanical engineer stick to the things that interest me on the technical side. I designed and built a passive solar house 1984 and expanded it in 2005 so my leanings are clear and have had and modified ICE vehicles for performance starting from age 17 and have a deposit on a 2023 Volvo V60 Recharge PHEV, not exactly a Prius when it come to saving the planet. I respect all who post with honest and technical points of view, even if not my own.
Edit: will not be getting any tax credit as the Volvo is not made in the US