The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Biden Commits USA To Obvious But Wrong Future Automotive Fuel


Editor's Note: Now I now understand why the "insiders", investment bankers and market makers were falling allover themselves to invest so heavily in unprofitable EV makers and startups, they knew something that we didn't know, talk about insider trading. With our treasury's $174 billion or so to be used to underwrite the electric vehicle industry so much so that it will never have to rely on EV acceptance based on product merit, but will be guaranteed tax breaks to earn enough to payback those in-the-know who supported the Biden Harris ticket with cash and in-kind donations...

See Also Electric Vehicles Solution Or Diversion?
See Also Electric Vehicles The Only Vehicles Built On Wall Street

Biden's $2T Infrastructure and Jobs Package Proposes To Make EVs The Winner With Billions for Electrification

President Joe Biden's $2 trillion infrastructure and jobs proposal would include $174 billion to "win" the global electric vehicle race against China and Europe, reflecting a growing symbiosis between Democratic policy goals and the bottom lines of Detroit automakers.

The plan, detailed Wednesday, dovetails with the administration's hopes to make the U.S. economy carbon neutral by 2050 — in part by cutting pollution from the transportation sector, which still makes up the lion's share of greenhouse gas emissions in the country.

Biden proposes subsidizing domestic supply chains for electric vehicles, providing grant programs to state and local governments to install 500,000 charging stations nationwide by 2030, increasing tax incentives and point-of-sale rebates for people who buy electric vehicles, and replacing tens of thousands of federal vehicles and school buses with electric ones. Read more here (Source: The Detroit News).