VinFast
has been certified for a subsidy of up to $7,500 per vehicle under President Joe Biden’s incentive program payable to the finance company, according to the U.S. Internal Revenue Service website. It is looking to compete with established carmakers at a time when major automakers, led by Tesla, are driving prices down and bringing a range of new EVs toAnalysts say quarterly results from U.S. electric vehicle startups Lucid, Rivian and electric semi truck maker Nikola all reflected pressure from lower orders, higher interest rates and increased competition.‘s store in Marina Del Rey, California, James and Nicole Wang took possession of a VF8 they had reserved earlier this year.
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