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WILL ELECTRIC PICKUP TRUCKS SELL? President Joe Biden’s hopes for a green auto market depend on it. He is traveling tomorrow to a Detroit factory that will manufacture the electric Ford-150, which the carmaker will officially introduce on Wednesday night. His visit comes as EVs still represent only 2% of auto sales. But could electric pickups be the accelerant the market needs?
A whopping 2.9 million pickups were sold in the U.S. last year, making up roughly 20% of the entire auto market, according to Cox Automotive.
Biden Makes a $174 Billion Commitment to Electric Cars
In a wide-sweeping $2 trillion plan to tackle infrastructure improvements across the country, the White House calls for a massive investment in electric vehicle development.
By Jim Motavalli Drew AngererGetty Images
The White House released its infrastructure plan yesterday, which outlines a $2 trillion investment in a host of arenas, from providing access to clean water to rebuilding bridges across the country.
Within the $621 billion earmarked for transportation-related infrastructure, $174 billion is directed at EV development.
Environmental and EV advocacy groups quickly applauded the plan, while acknowledging a desire to see even more attention in this direction.