The Biden administration will ask Congress to extend incentives that have spurred a U.S. electric-vehicle market that still trails EV adoption in economic rival China.
The proposed extension for breaks on EV purchases is part of a $2.25 trillion infrastructure and stimulus blueprint called “The American Jobs Plan” that Biden is set to announce in Pittsburgh Wednesday afternoon, some details of which the White House has released.
Biden’s proposal includes long-expected updates to roads, airports and other portions of U.S. infrastructure, but as part of his campaign promise, the plan looks to move the needle on fighting climate change. In addition to giving a boost to EV purchases, the plan calls for more charging infrastructure and electric school buses. Republicans in Congress say they’re worried the corporate tax proposals to fund the plan could slow an economy pulling out of the COVID-19 slump.
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