The US House of Representatives passed a $1.2 trillion bipartisan infrastructure bill Friday night, handing President Joe Biden a win. The bill passed the Senate in August and now heads to Biden’s desk to be signed into law.
The bill sets aside $7.5 billion to create a nationwide network of EV charging stations and expedite the adoption of electric cars this decade. Another $65 billion will fund an investment in clean energy and renewables for the nation’s electricity grid, and promises to create a more resilient system. Most notably for the auto industry, the bill boosts the EV tax credit by $5,000.
In a statement, Biden called the bill “a once-in-generation bipartisan infrastructure bill that will create millions of jobs, turn the climate crisis into an opportunity, and put us on a path to win the economic competition for the 21st Century.”
Read the article at Roadshow.