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https://www.nytimes.com/2021/03/31/business/biden-electric-vehicles-infrastructure.html

Biden's Push for Electric Cars: $174 Billion, 10 Years and a Bit of Luck

2021-03-31 00:00:00, Niraj Chokshi, The New York Times

Content Categorization
/Autos & Vehicles/Motor Vehicles (By Type)/Hybrid & Alternative Vehicles
/Business & Industrial
/News

Word Count:
1197

Words/Sentence:
23

Reading Time:
7.98 min

Reading Quality:
Intermediate

Readability:
11th or 12th

Media Sentiment
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RCS Analysis
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Risk Score
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PESTEL Scope
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Entity Word Cloud
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Auto Summary
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The $2 trillion infrastructure plan that he unveiled on Wednesday is aimed at tackling climate change in part by spending up to $174 billion to encourage Americans to switch to cars and trucks that run on electricity, not gasoline or diesel.

We find ourselves at a unique moment here where most American businesses and many states are looking toward a decarbonized future, but recognize there's a big lift on the infrastructure side," said Bob Perciasepe, president of the Center for Climate and Energy Solutions, an environmental research group.

Despite rapid growth in recent years, electric vehicles remain a niche product, making up just 2 percent of the new car market and 1 percent of all cars, sport-utility vehicles, vans and pickup trucks on the road.

Lindsay D'Addato for The New York Times"This transformation is greater than any one policy, branch or level of government, or industry sector," a group representing manufacturers, suppliers and automotive workers said in a letter to Mr. Biden on Monday.

The authors of the letter, which included industry groups and the United Auto Workers union, called for investment in job training programs and federal help in promoting development of minerals and other raw materials in the United States.

Keywords
Infrastructure, Electric Cars and Hybrids, US Politics, Cars, Tax Credits Tax Deductions Tax Exemptions, Joe Biden, UAW, United States, public works, US, Labor Unions, US Economy, Manufacturing

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