Biden climate push positions Tennessee for electric car boom, but hurdles must be worked out
President Biden s $200 billion EV initiative aims to spur a green car boom. But first, rare minerals must be found and mined, electric power plants and battery producers vastly scaled up, recharging networks built.
Memphis Commercial Appeal
The White House’s new American Jobs Plan proposes spending more than $200 billion in support of electric vehicles powered entirely by batteries recharged from the nation’s electric grid. But the green car ambitions face a stubborn fact the country isn’t ready yet.
Before a big electric fleet can run on the roads, rare earth minerals must be found and mined and electric power plants and battery producers vastly scaled up. Analysts say the nation presently lacks the raw minerals, the electric power capacity or the battery production to put millions of electric autos on the road.