The Biden Administration in the US is increasingly incentivising the full adoption of electric vehicles. The President states believes that it is possible, by the year 2030, for 50% of vehicle sales to be electric.
It is worth noting that Joe Biden’s ambition to make half of vehicle sales in the US electric is not seen as a utopia, as many American automakers have rushed to agree with the President and at the same time declare that they will achieve this goal.
Ford, GM, Stellantis announced their common goal of 40 or 50% of their sales in the US of electric or hybrid vehicles, and expressed their belief that this goal can be achieved. BMW, Honda, Volkswagen and Volvo are companies that have stated their belief that they can comply with what the US Government is asking for.
One of Biden’s goals is also to create 1 million new jobs in the auto industry and “make America a world leader in electric vehicle manufacturing.” He also pledged billions of dollars to create 550,000 additional electric vehicle charging stations in the US.
- Reduced sales for conventional vehicles in the Q1 of 2021
- Electric car sales rising and CO2 emission reducing
Regarding incentives to individuals, Biden proposes to continue the $7,500 subsidy for the purchase of an electric vehicle and has said he is open to considering new incentives.