As the Biden Administration’s comprehensive American Jobs Plan goes under the microscope, there are understandably a lot of questions. What are the various components of the plan? How will people and businesses benefit? What challenges exist?
As part of the IW Members Only offering, we will run regular video chats designed to spend a few moments with thought leaders to discuss topics that matter to American manufacturers.
Continuing the focus on the infrastructure plan, this episode dives into the strategy to build out the infrastructure needed to support the anticipated growth of electric vehicles.
From the Fact Sheet
According to the fact sheet released by the White House, US market share of plug-in electric vehicle (EV) sales is only one-third the size of the Chinese EV market. “The President believes that must change. He is proposing a $174 billion investment to win the EV market. His plan will enable automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally, and support American workers to make batteries and EVs. It will give consumers point of sale rebates and tax incentives to buy American-made EVs, while ensuring that these vehicles are affordable for all families and manufactured by workers with good jobs.”
To meet the goals of achieving net-zero emissions by 2050, the United States will need more electric vehicles, charging ports, and electric heat pumps for residential heating and commercial buildings. “The President is calling on Congress to enable the manufacture of those cars, ports, pumps, and clean materials, as well as critical technologies like advanced nuclear reactors and fuel, here at home through a $46 billion investment in federal buying power, creating good-paying jobs and reinvigorating local economies, especially in rural areas.”
As proposed, this portion of the American Jobs Plan will incentivize programs for state and local governments and the private sector to build a national network of 500,000 EV chargers by 2030, while promoting strong labor, training, and installation standards. Biden’s plan also proposes replacing 50,000 diesel transit vehicles and electrifying at least 20 percent of the yellow school bus fleet through a new Clean Buses for Kids Program at the Environmental Protection Agency, with support from the Department of Energy.
IW Members Only Video Chats will appear weekly within the members only section. Do you have a topic you would like to learn more about? Are you interested in being a guest? Send me an email at [email protected].