Ever since President Joseph Biden assumed office, his administration has made it clear that electrifying America’s roads will be a top priority. Biden spent his first months in office working on and subsequently unveiling a gargantuan infrastructure bill that would invest billions of dollars into beefing up the country’s woefully inadequate electric vehicle (“EV”) public charging infrastructure. This was followed by a recent announcement by the White House stating that the government was looking to achieve 50% electric vehicle sales by 2030 in a bid to meet emission standards.
Now the Democrats, who have a majority in both the House and Senate, have proposed an updated, federally funded, electric vehicle incentive program through the $3.5 trillion spending bill that was recently passed by the senate. The updated incentives program would do away with the limit on the number of vehicles from a single automaker that could be subsidized, replacing it with a timeline, introducing a higher $12,500 payout and making the program point-of-sale. While America currently has an incentives…
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