We had the opposite effect in NZ. Putting an $8K subsidy on EVs sold for <= $80K caused manufacturers to drop their prices so as to be inside the subsidy range.

We had the opposite effect in NZ. Putting an $8K subsidy on EVs sold for <= $80K caused manufacturers to drop their prices so as to be inside the subsidy range. It seems to have worked very well, looks like they got the numbers right. I have moral issues with the wealthier members of society getting an $8K handout from the govt for buying a new car, but that's a different matter.