A push to increase sales of electric vehicles favors companies that already have all-electric cars on the market and could penalize those that don’t.
President Biden, surrounded by labor and business leaders from the American auto industry, signed an executive order on Thursday setting a national goal to have half of all new vehicles sold by 2030 be electric.
President Biden announces an initiative that aims for half of all new vehicles sold by 2030 to be electric. The plan also includes the construction of nationwide charging stations and financial incentives for consumers and carmakers.
President Biden announces an initiative that aims for half of all new vehicles sold by 2030 to be electric. The plan also includes the construction of nationwide charging stations and financial incentives for consumers and carmakers.
The initiative would also promote the construction of charging stations and include financial incentives for consumers and carmakers.
The president wants half of the vehicles sold in the United States to be electric by 2030, hoping to phase out gasoline-powered engines that contribute to climate change.
The bill falls short of the transformational climate measures that President Biden has requested.
Trump gutted emissions reductions. The president must make up for time lost.
Experts say the details of the spending will matter — and that, in some areas, more money will be needed to fix beleaguered roads, bridges and other infrastructure.
Democrats hope to include climate and clean energy in a second bill. It could be Biden’s last chance to pass major global warming legislation.