“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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