The compromise bill fashioned by President Biden and Senate Republicans is diminished in size and faces an uncertain future, but the betting is that a bill will eventually emerge, and EVs will still benefit handsomely.
Key features outlined by the White House are a national network of 500,000 chargers built along highways, and in rural and disadvantaged communities; also, thousands of schools and transit buses will be electrified. Proposed spending on each of these proposals will be $7.5 billion. Other notable EV components of the bill are that a proposed Republican surcharge is gone, as is a plan for a gasoline tax increase to contribute to the funding of infrastructure.
Bob Preciasepe, president of the Center for Climate and Energy Solutions, quoted in The New York Times, commented, “We find ourselves a unique moment here where most American business and many states are looking toward a decarbonized future, but recognize that there’s a big lift on the infrastructure side. This investment… will be a huge boost”
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