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Biden Aims to Juice EV Sales, But Would His Plan Work?


There are about 279 million vehicles on the road in the United States
By Tom Krisher •
Updated 5 hours ago
NBCUniversal Media, LLC
Dangling tax credits and rebates in his drive to fight climate change, President Joe Biden wants you to trade your gas-burning car, truck or SUV for a zero-emissions electric vehicle.
Some buyers would find his offer persuasive. Yet Biden s goal is a daunting one: Even if Congress approves his $2.3 trillion infrastructure plan, along with its incentives, it would take many years to replace enough internal combustion vehicles with EVs to make a huge dent in tailpipe emissions.
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Biden works to transition US to zero-emissions electric vehicles


“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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