Biden administration has announced spending nearly $2 trillion on the production of electric vehicles, electric charging stations, retooling production plants, and developing materials to aid the green tide cause.
The hefty spending is the U.S move forward towards clean commute, free of combustion engines, to achieve the green and clean environment targets at the earliest.
The plan comes in as a piece of good news for the U.S automakers and EV start-up companies through which they’d be able to achieve a larger share of the international Electric Vehicle market. With funds released by the government, it will aid in bringing up new designs and more options in the electric-run cars in the U.S.
It will aid the manufacturers and the consumers, both. The government has announced sales rebates and tax incentives to drop combustion engine cars and replace them with electric vehicles. Making it that the plan centric to electrifying America’s mobility will also get you a good deal on your first EV.
The government is also planning on developing 500,000 EV chargers across the U.S by 2030 after the first phase of the electrifying vehicle’s plan goes successful. The investment in EVs and their supporting tech, both in the production processes and later to keep up with the electric vehicles running, also includes eliminating the use of combustion-run public transports of all forms by replacing them with Electricity-run public commuting services.
All a little glitch in the plan that sounds beneficial for all is that it still awaits Congress’s approval to turn into a law. All are expecting it would be a yes, but the catch is that the plan comes with tons of beneficial outcomes, so chances are they might disapprove, so the current administration doesn’t get applauded much for electrifying mobility in the U.S. What could be said, it is politics, after all.
The government’s electric venture comes with thousands of new jobs and opportunities for many to earn well, ranging from electric-vehicle giant Tesla to all the automobile companies that have introduced their competitive EV models and the start-up companies that are bringing in new designs in the EV market.
Consumers would benefit from the subsidized deals on their first purchased electric vehicle. It is a win-win for producers and consumers. But, these monetary gains still stand in the smaller picture.
The plan comes with a greater benefit of leaving the atmosphere clean, decreasing pollution, and increasing the U.S pace to achieve environmental goals.