To implement this plan, Washington will need to legislate multibillion-dollar investments in the creation of charging infrastructure.
The US government is negotiating with automakers to have at least 40% of the vehicles sold in the country have an electric motor by the end of the 2020s. However, to implement this plan, Washington will need to legislate multibillion-dollar investments in the creation of charging infrastructure, writes Bloomberg.
Many American automakers have already announced their readiness to supplement their model ranges with a line of electric vehicles. However, despite this, no one has yet announced clear plans for the volume of production of such products, the agency notes. To do this, companies need state support, within which the government could subsidize or finance the creation of a wide network of electric gas stations. The relevant bill is currently being heard in the Senate. In particular, it provides tax incentives for the purchase of electric cars and the allocation of $7.5 billion for the construction of charging infrastructure.
At the same time, President Joe Biden in March of this year asked Congress to allocate $174 billion in investments for electric vehicles, including constructing up to 500 thousand electric gas stations across the country. However, during the discussions of this amount, some senators demanded to reduce it first to $15 billion and then to $2.5 billion. Therefore, if approved, the amount of $7.5 billion looks like a compromise option, Bloomberg notes.