![]() ![]() It would allocate $6 billion in battery supply chain and battery-pack manufacturing and in helping factories expand capacity to produce electric vehicles.īiden said his order is intended to "set into motion an all-out effort" to shift to electric vehicles, adding that auto companies need help from the federal government through his infrastructure proposals to reach zero-emissions goals. The proposal includes $7.5 billion in electrical vehicle charging stations and another $7.5 billion for electric buses. Watch Video: Climate change and EVs: How will future cars stem global warming?īiden has made electric vehicles a major priority in his $1.2 trillion bipartisan infrastructure bill that the Senate is taking up this week. ![]() More: Biden pushes US electric vehicle revolution – a sticking point in GOP infrastructure talks We just got to step up," said Biden, who test drove an electric Jeep Wrangler Rubicon 4圎 at the White House after his remarks. China has more than double the amount of electric vehicles on the road and is growing electric vehicle sales at more than twice the rate compared with the USA, according to Pew. automobile sales in each of the past three years, putting the USA behind 19 other nations and the world's overall share. According to the Pew Research Center, electric vehicles accounted for less than 2% of U.S. The executive order applies to battery electric, plug-in hybrid electric and fuel-cell electric vehicles. Administration officials who requested anonymity to discuss the measures said the fuel efficiency and emissions standards would result in about $140 billion in net benefits over the life of the program. The White House estimated the new EPA rules would save about 200 billion gallons of gasoline and reduce 2 billion metric tons of carbon pollution, resulting in $900 in savings for consumers over a vehicle's lifespan. The Environmental Protection Agency announced it will unwind President Donald Trump's rollback of near-term fuel efficiency and emissions standards for gas vehicles. ![]() ►Range anxiety: Who really needs an electric car with 500 miles of battery range? Nobody or maybe everyoneīiden said his administration will develop long-term fuel efficiency and emissions standards that would apply to heavy-duty vehicles in addition to cars, SUVs and pickups. ![]() ►Answering your EV questions: What you need to know about electric vehicles as President Biden, automakers announce EV goals "Right now, China's leading the race as one of the largest and fastest growing electric vehicle markets in the world." "The question is whether we’ll lead or fall behind in the race for the future," he said before signing the order. The president, zero-emissions vehicles staged behind him on the White House South Lawn, was joined by executives from Ford, GM and Stellantis, as well as leaders from the United Auto Workers union and members of Congress. It’s part a series of actions Biden announced aimed at jump-starting a dramatic shift toward electric vehicles as part of the administration's broader agenda to tackle climate change and compete with China, a leader in the electric vehicle market. The nonbinding goal hinges on major investments by the federal government in charging stations and other infrastructure. WASHINGTON – President Joe Biden said "there's no turning back" on the future of an electric auto industry Thursday as he signed an executive order setting a target for zero-emissions vehicles to account for half of all automobiles sold in the USA by 2030. Watch Video: Biden: 'When they make the first electric Corvette, I get to drive it' ![]()
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