After months of turmoil, the Senate has finally come to a bipartisan infrastructure deal. The bill is expected to be worth over $1 trillion over eight years, included in the agreed-upon deal is $7.5 billion to fun electric car charging infrastructure.
More specifically, the $7.5 billion will go toward producing and installing public EV charging stations across the US. If everything moves forward as announced, this will be the first time the US has ever made a national effort and investment related to infrastructure for electric vehicles. However, political leaders have much work to do before the bill will be passed. The White House shared via Teslarati:
“U.S. market share of plug-in electric vehicle (EV) sales is only one-third the size of the Chinese EV market. The President believes that must change.”
President Joe Biden made an announcement substantiating the bipartisan deal and claiming that it will help the US economy. The bill aims to create new jobs, make the US a stronger global competitor, and increase competition among companies in the electric car space, among other important technologies related to infrastructure. According to President Biden, this investment could help grow the EV market in the US to compete with China’s. He said:
“Right now, China is leading in this race. Make no bones about it. It’s a fact.”
The American people hoping for an updated federal EV tax credit or some related language that works to promote EV adoption by making electric cars more affordable. However, the last few update on the status of the deal, there wasn’t anything mentioned about EV credits or rebates.
Post time: Jul-31-2021