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Biden infrastructure plan proposes spending $174B to boost America’s EV market

President Joe Biden has earmarked $174 billion from his ambitious infrastructure plan to build out domestic supply chains for electric vehicles, noting the imperative for United States automakers to “compete globally” to win a larger share of the EV market.
The funds are just one part of Biden’s plan, which calls for an ambitious $2 trillion infrastructure investment across multiple sectors. The Fact Sheet for the plan includes six references to China – one of these in reference to the size of the Chinese EV market, which is two-thirds larger than the domestic U.S. market. Chinese manufacturer Foxconn, Apple’s main …

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G.M. Announcement Shakes Up U.S. Automakers’ Transition to Electric Cars

And China’s decision late last year to require that most vehicles sold there be electric by 2035 is also critical because G.M. sells more cars in that country through its joint ventures than in the United States. And Britain, Ireland and the Netherlands have said they will ban sales of new gasoline and diesel cars starting in 2030.G.M. has been talking about moving to zero-emissions vehicles for about two years. Last March, it unveiled modular battery technology that it said would lower costs. A few months later, G.M. said it could reach a point where electric vehicles …

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