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Biden Sets U S Goal of 50% Clean Cars as Carmakers Ask for Help
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US President Biden sets US goal for clean cars to be half of 2030 sales
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Dive Brief:
Republican senators on Thursday unveiled their second counter-offer to President Joe Biden s proposed $2 trillion infrastructure proposal, following multiple meetings between Republican leadership and White House officials.
The latest proposal from the right, led by Sen. Shelley Moore Capito, R-W. Va., includes a $4 billion carve-out for electric vehicle infrastructure, under a broader $506 billion proposed investment in roads, bridges and major projects. Biden s proposal had called for a $174 billion investment in EV infrastructure and incentives.
In all, the Republicans proposal would spend $928 billion on infrastructure over the next eight years, a $360 billion increase over their previous proposal. It s a serious effort to try to reach a bipartisan agreement, Capito told reporters following the release of the proposal.
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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.