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Biden promotes electric vehicles, announces EV charging network

Posted at 8:11 AM, Sep 14, 2022

President Joe Biden visited the Detroit Auto Show on Wednesday, where he promoted his administration’s electric vehicle policy.

The White House said Biden’s goal is to make 50% of all auto sales in the U.S. electric vehicles by 2030. As part of an infrastructure bill passed by Congress, $7.5 billion was earmarked for electric vehicles. During his visit, Biden announced that 500,000 electric vehicle charging stations will be installed along 53,000 miles of highways.

Biden also signed the Inflation Reduction Act in August. The bill has new provisions for Americans seeking a tax credit for purchasing an electric vehicle.

While there has been a $7,500 credit for electric vehicles, the credits were capped at 200,000 per manufacturer. The new law eliminates that limit.

While at the Detroit Auto Show, Biden viewed several new electric vehicle models as manufacturers grow their EV portfolios.