This is what happens with subsidies – they end up as a subsidy to the manufacturer who raises prices roughly equal to the subsidy. The buyer is no better off than they were before the subsidy:

Kia America just announced the 2023 pricing for the EV6, and much like many EVs before it, it’s going in the wrong direction.

Next year’s EV6 will start at $49,795, including a $1,295 destination charge — a 16 percent price hike, or $7,100 more than last year’s model. Previously, the Light base model EV6 started at $42,695, including the destination charge. (That model has now been discontinued and replaced with the Wind RWD trim.)

Source: Another affordable EV is suddenly not very affordable anymore

We remain a long ways out from affordable EVs that deliver the features customers need.

Ford F-150 Lightning base model price increases again | CNN Business

They have some Florida swamp land to sale you too: GM, Ford say electric vehicle price increases have nothing to do with Dem spending bill | Fox Business

By EdwardM