Officially known as the American Jobs Plan, President Biden’s plan includes $174 billion to promote electric vehicles and EV charging stations, $80 billion for public transit, and another $80 billion for railroads.
Electric vehicles will benefit the most thanks to $174 billion in spending, including incentives to buy EVs and support to get more EV chargers installed across the country: 500,000 of them by 2030. The plan does not set an end date on when gas vehicles will be sold in the U.S.
The reason for the bill’s focus on EVs is not exactly secret: Secretary of Transportation Pete Buttigieg told NPR this week that the administration believes “time is running out” to confront climate change, and this bill is one way the federal government is approaching the challenge.
Read the article at Car and Driver.
