Biden to set ambitious EV goal as carmakers plead for help – Fortune

Written by Bloomberg, Ari Natter and Keith Laing

President Joe Biden plans to call for half of all vehicles sold in the U.S. to be emission free by the end of the decade, an ambitious goal that automakers say can only be achieved with a bigger government investment in charging stations and other infrastructure.

Biden will be joined at the White House Thursday by representatives of the major Detroit automakers and the United Automobile Workers union as he unveils an executive order establishing the the goal for half of all the cars sold to be battery electric, plug-in hybrid electric or fuel cell electric by 2030, according to senior administration officials and a White House fact sheet.

“These new actions—paired with the investments in the president’s Build Back Better Agenda—will strengthen American leadership in clean cars and trucks by accelerating innovation and manufacturing in the auto sector, bolstering the auto sector domestic supply chain, and growing auto jobs with good pay and benefits,” the White House said in a statement.

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By Jessica Yap-Chung
Jessica Yap-Chung