Tuesday, June 18, 2024
NewsAutomakers, Suppliers, Union Call for Biden to Support EV Growth

Automakers, Suppliers, Union Call for Biden to Support EV Growth

Calls for President Biden to boost EV spending

  • Automakers, component builders, and the United Auto Workers calling for incentives

  • Group wants to make sure EVs are done the right way, preserve jobs


A group of automakers, parts companies, and the United Auto Workers union have partnered to urge the Biden administration to endorse a comprehensive plan to bring in electric vehicles. The group called for tax credits and other incentives to help drive zero-emissions vehicle sales.

In a six-page letter dated yesterday, Reuters reports, the group said that “We need a comprehensive plan that takes the present market realities into consideration. Neither the current trajectory of consumer adoption of EVs, nor existing levels of federal support for supply- and demand-side policies, is sufficient to meet our goal of a net-zero carbon transportation future.”

EVs currently make up just around two percent of auto sales in the country. The letter urged Biden to support tax incentives and subsidies to buy and manufacture EVs, as well as boost government purchases of electrics. Reuters said that the group called for grants to help reequip, expand, and establish facilities for EVs as well as to help with domestic production of batteries and other key components.

President Biden is expected to announce an infrastructure plan today that could amount to more than US $3B and include support for manufacturing and EVs, Reuters said. The administration is currently reviewing Trump-era decisions to roll back Obama administration vehicle emissions standards and could return to the earlier, more stringent rules.

 

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