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Biden aims to juice EV sales, but would his plan work? | News, Sports, Jobs

Apr 3, 2021 DETROIT (AP) Dangling tax credits and rebates in his drive to fight climate change, President Joe Biden wants you to trade your gas-burning car, truck or SUV for a zero-emissions electric vehicle. Some buyers would find his offer persuasive. Yet Biden’s goal is a daunting one: Even if Congress approves his $2.3 trillion infrastructure plan, along with its incentives, it would take many years to replace enough internal combustion vehicles with EVs to make a huge dent in tailpipe emissions. Right now, there are about 279 million vehicles on the road in the United States. The proportion that are fully electric, according to IHS Markit, is 0.36%. Of the 14.5 million new vehicles that were sold last year, 2% were fully electric.

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Biden Aims to Juice EV Sales, But Would His Plan Work?

There are about 279 million vehicles on the road in the United States By Tom Krisher • Updated 5 hours ago NBCUniversal Media, LLC Dangling tax credits and rebates in his drive to fight climate change, President Joe Biden wants you to trade your gas-burning car, truck or SUV for a zero-emissions electric vehicle. Some buyers would find his offer persuasive. Yet Biden s goal is a daunting one: Even if Congress approves his $2.3 trillion infrastructure plan, along with its incentives, it would take many years to replace enough internal combustion vehicles with EVs to make a huge dent in tailpipe emissions. Download our mobile app for iOS or Android to get alerts for local breaking news and weather.

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Will Biden s Plan to Boost Electric Vehicle Sales Work? | Engaging Car News, Reviews, and Content You Need to See – alt_driver

Will Biden s Plan to Boost Electric Vehicle Sales Work? | Engaging Car News, Reviews, and Content You Need to See – alt_driver
altdriver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from altdriver.com Daily Mail and Mail on Sunday newspapers.

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Biden works to transition US to zero-emissions electric vehicles

“If you don t start somewhere, you re never going to get anywhere,” Belzowski said. “Every electric vehicle that you sell is going to be net positive for the environment.” The Biden administration didn t offer specifics on just how much car buyers would receive to trade in their vehicles. But it plans to spend $174 billion over eight years on EVs. That figure includes incentives for consumers, grants to build 500,000 charging stations, and money to develop U.S. supply chains for parts and minerals needed to make batteries. “We re going to provide tax incentives and point-of-sale rebates to all American families,” Biden said Wednesday.

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Biden aims to incentivize EV sales, but would his plan work?

Biden aims to incentivize EV sales, but would his plan work?
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New yorkUnited statesDavid kirschJeff schusterJoe bidenBruce belzowskiSenate majority leader chuck schumerUniversity of marylandUniversity of michiganMeans committeeAlliance for automotive innovationGeneral motorsHouse waysAlix partnersAutomotive innovationUnited auto workers