As a part of the Biden administration’s American Jobs Plan – a sweeping investment aimed at rebuilding the country’s infrastructure – $174 billion will be invested in the EV market, enabling automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally and support U.S. workers to make batteries and EVs.
U.S. market share of plug-in electric vehicle (EV) sales is only one-third the size of the Chinese EV market. Biden’s proposal will give consumers point-of-sale rebates and tax incentives to buy U.S.-made EVs while ensuring that these vehicles are affordable for all families and manufactured in the country.
It would also establish grant and incentive programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030 while promoting strong labor, training and installation standards.
His plan also will replace 50,000 diesel transit vehicles and electrify at least 20% of our yellow school bus fleet through a new Clean Buses for Kids Program at the Environmental Protection Agency. The administration says these investments will set the country on a path to 100% clean buses while ensuring that the U.S. workforce is trained to operate and maintain a 21st-century infrastructure.
Finally, it will utilize the tools of federal procurement to electrify the federal fleet, including the U.S. Postal Service.