Biden Spends $5 Billion For Electric Vehicle Chargers

By Adam Andrzejewski for RealClearPolicy

Earlier this month, President Joe Biden confirmed up on the North American Worldwide Auto Present in Detroit to announce spending $900 million to construct about 500,000 charging stations throughout dozens of states, CBS Information reported.

The primary tranche of $900 million — out of $5 billion in infrastructure cash over 5 years — can be used to construct electrical car chargers in 35 states.

The chargers can be discovered throughout 53,000 miles of freeway with the objective of selling electrical car use.

“The good American street journey goes to be totally electrified,” Bident mentioned to a crowd of autoworkers and supporters. “Whether or not you’re driving coast to coast alongside I-10, or on I-75 right here in Michigan, charging stations can be up and as straightforward to seek out as fuel stations at the moment are.”

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Carmakers have ramped up efforts to make extra electrical automobiles — in April, Ford began constructing electrical pickup vans at a brand new Michigan manufacturing unit and mentioned final September it will construct the subsequent technology of electrical pickups at a plant in Tennessee, CBS Information reported.

Common Motors is utilizing an previous manufacturing unit in Detroit to make electrical Hummers and pickups, and it introduced EV meeting vegetation in Lansing, Michigan; Spring Hill, Tennessee; and Orion Township, Michigan.

They’re additionally making batteries — a authorities mortgage will assist GM construct its battery factories, whereas a GM battery plant in Warren, Ohio, has already began manufacturing.

Stellantis, previously Fiat Chrysler, mentioned in Could that it will construct one other three way partnership battery manufacturing unit in Indiana, and it has introduced a battery plant in Canada, CBS Information reported.

None of this addresses the problem of value: Most EVs are dearer than fuel powered automobiles, with the typical value just lately hitting $66,000, whereas gasoline-powered vehicles common $48,043.

Whereas numerous tax credit can be found for patrons of EVs, the value remains to be staggering. For individuals struggling to pay their payments amid excessive inflation, the value places EVs fully out of attain.

Syndicated with permission from RealClearWire.

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