Tag: president biden
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How President Biden’s ‘Build Back Better’ plan could bring legacy carmakers into the 21st Century
The introduction of President Joe Biden’s “Build Back Better” plan ignited some electric vehicle enthusiasts with a new sense of relief that their country was considering revamping the EV incentive program in the United States. However, some automakers, specifically Tesla, which is not unionized, will not feel the advantages of favoritism that could result in…
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President Biden’s $174 billion EV package broken down dollar by dollar
President Joe Biden’s $174 billion aid package for electric vehicles has been broken down in an email sent by officials from the United States Department of Transportation. Biden’s plan to increase EV production and adoption across the U.S. is fueled by the massive spending package that aims to woo car buyers away from petrol and…
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Biden’s infrastructure plan is a ‘green tidal wave’ that will revive the EV sector after its recent pullback, Wedbush says
Drew Angerer/Getty Images Wedbush's Dan Ives states Biden's infrastructure plan will probably be a "green tidal wave" for the EV sector. Ives sees roughly 10 percent approximately $200 billion of the plan moving to EV initiatives. The analyst anticipates an expansion of tax credits "to the 10k range or possibly higher. " Sign up here…
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EV charging tax credit set to expand with ‘Securing America’s Clean Fuels Infrastructure Act’
The Securing America’s Clean Fuels Infrastructure Act is being rolled out with a group of bipartisan senators. The bill would broaden the Alternative Fuel Vehicle Refueling Property Investment Tax Credit (30C) from $30,000 to $200,000. The four Senators who co-sponsored the bill believe that the current $30,000 tax charge “isn’t sufficient for encouraging larger private…