![]() He also wants to fund shifting the federal fleet to more EVs, including for the Postal Service to begin using EV delivery trucks. The president wants $15 billion to build 500,000 EV charging stations by 2030 - including in apartment buildings and public parking - and $45 billion to electrify a significant number of school and transit buses. Republicans are poised to release a counterproposal to Biden's infrastructure plan and Republicans will meet with Biden's commerce and transportation chiefs later on Capitol Hill. read more Biden backs a further $10 billion in new tax credits for zero-emission medium- and heavy-duty work vehicles.īiden faces resistance from many congressional Republicans on his EV focus. The centerpiece of Biden's EV plan is $100 billion in consumer rebates. electric vehicle manufacturing.īiden's plan "proposes cost-sharing grants to support new high capacity battery facilities in the United States" and backs grants to fund the retooling of shuttered factories "to build advanced vehicles and parts." The White House wants to encourage new battery production facilities, which are key to ramping up U.S. Shares in electric truck maker Lordstown Motors Corp (RIDE.O) rose more than 20% and shares in Nikola Corp (NKLA.O)were up more than 6% in late trading.īiden is pushing for electric vehicles in the auto industry's heartland, and trying to win over auto workers worried that more electric cars and trucks will mean fewer jobs. His electric-vehicle plan, first announced on March 31, cheered investors who bought shares in several electric-vehicle startups that have struggled. "It feels great."īiden ruled out consumer incentives for high-priced electric luxury models, according to a White House fact sheet, as he argues for dramatic government spending to prod Americans to buy electric vehicles. "This sucker's quick," Biden told reporters, adding it could go from 0-60 miles an hour in just 4.4 seconds. With an online account, you can enjoy these benefits from any device: Manage your account anywhere, anytime. presidents are typically not allowed to drive by security officials. "We're going to set a new pace for electric vehicles," the Democratic president said, vowing to reverse what he called the Trump administration's "short-sighted" rollback of vehicle emissions standards.īiden went to a Ford test track to briefly drive the EV truck still camouflaged ahead of its official reveal on Wednesday. Sending the most experienced and reliable appliance technicians to your door. UAW President Rory Gamble urged Biden to make sure investment encourages strong labor standards, good union jobs and U.S.-built vehicles.īiden argues the United States is falling behind China, which is selling more EVs. Sign up now Choose the Appliance Service Plan That’s Right for You Get Started As your trusted neighbor, we’re committed to keeping your home appliances running. "We need you to deepen your partnership with the UAW," Biden added. The UAW also wants GM to recognize the union at joint-venture battery facilities. Ford Executive Chairman Bill Ford said at the event that Biden "understands that building things in this country matters" and added the company employs more UAW workers than its Detroit rivals. GM noted it had recently announced nearly 9,000 new U.S.
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