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Biden wants $174B push to promote electric cars


President Joe Biden is a muscle-car guy; one of his most prized possessions is a 1967 Corvette that he got from his father. But he is trying to make this an electric vehicle world.
The $2 trillion infrastructure plan that he unveiled Wednesday is aimed at tackling climate change in part by spending up to $174 billion to encourage Americans to switch to cars and trucks that run on electricity, not gasoline or diesel. That is a large investment, but it might not be enough to push most Americans toward EVs.
Despite rapid growth in recent years, electric vehicles remain a niche product, making up just 2% of the new car market and 1% of all cars, sport utility vehicles, vans and pickup trucks on the road. They have been slow to take off in large part because they can cost up to $10,000 more than similar conventional cars and trucks. Charging EVs is also more difficult and slower than simply refilling the tank at far more prevalent gas stations. ....

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Author - ​John Paul MacDuffie


John Paul MacDuffie is Professor of Management at the Wharton School and Director of the Program on Vehicle and Mobility Innovation (PVMI) at the Mack Institute for Innovation Management. His research, primarily on the global automotive industry, has examined the impact of human resource systems and work organization on economic performance.
Analysis ....

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The motor industry peers into an electric future and sees bumps ahead


The motor industry peers into an electric future and sees bumps ahead
© Provided by Independent Online (IOL)
DETROIT - Will Ferrell has it out for Norway. Did you know that Norway sells way more electric cars per capita than the US? he asks before smashing his fist through a plastic globe. In an unlikely and very expensive Super Bowl ad made by the usually-staid General Motors, a disheveled, bearded Ferrell shouts Well I won t stand for it!
During a break in the Super Bowl action, the comedian vows to crush Norway and recruits help from Kenan Thompson of Saturday Night Live and actress and rapper Awkwafina in a multimillion-dollar promotion for GM s Ultium battery. At the end, after Ferrell mistakenly winds up in Sweden and Thompson and Awkwafina mistakenly end up in Finland, the ad says We re coming, Norway. ....

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