Biden’s plans to boost e-mobility
Recently US President Joe Biden unveiled his two-trillion-dollar investment plan. Now details are emerging about the e-mobility investments it includes.
An impressive $100 billion incentive plan is to purchase subsidies for electric cars, and $15 billion is foreseen to build 500 000 charging stations.
Reuters press agency issued the news, which was able to see an e-mail from the US Department of Transportation send to Congressional staff.
This indicates that a large part of the $174 billion earmarked for electromobility is going to purchase rebates and the expansion of charging networks.
The Biden plan also includes $20 billion for electric school buses, $25 billion for electric public transport buses, and $14 billion in tax incentives for electric vehicles.
Of course, the huge investment plan of president Biden still has to pass the Senate, needing the support of some Republican senators to be ratified.
The car industry in need
For the car industry, consumer rebates, in particular, are of utmost importance. The two most prominent electric car manufacturers, General Motors and Tesla, are now missing out on the tax credit of $7 500 per electric car since they have already sold more than 200 000 zero-emission models.
How this huge aid budget would be deployed is not known yet. Rumors say that the purchase premium for an electric car could be as high as $7 500 to $10 000. Most likely, there will be purchase rebates but also tax incentives.
Meanwhile, the sales of purely electric cars from other manufacturers than the two mentioned above are now really taking off in the US. During Q1, Ford sold 6 614 Mustang Mach E EVs.
Audi’s electric bestseller is the e-tron. In the first three months of this year, the VW daughter sold 3 474 e-tron SUVs and 850 e-tron Sportback SUV coupes, while sister company Porsche sold 2 008 Taycans.
At the moment, the Democrats are putting forward a series of bills to achieve a real transportation turnaround. There is the proposal to invest at least $150 billion into public transport electrification within ten years (‘Build Green Infrastructure and Jobs Act).
A few weeks ago, some Congress members presented the ‘CLEAN Future Act’, a detailed bill about climate policy reserving several billion dollars for support programs in charging infrastructure every year.
Two months ago, the Democratic party already presented a draft called the ‘GREEN Infrastructure & Jobs Act’, which would increase the current limit of 200 000 electric cars subsidized by the US federal government per manufacturer by an additional 400 000 vehicles.
Some Democratic congressmen are also putting pressure on Biden to enforce a fixed phase-out date for cars with internal combustion engines nationwide, following the example of the state of California.