DIGEST – President Joe Biden are highlighting billions of dollars in his huge bipartisan infrastructure deal to pay for the installation electric car charger across the country, an investment he said would go a long way to limiting Carbon emissions warm the planet while creating high-paying jobs.
Biden on Wednesday toured a Synthetic engine factory in Detroit, where production tram. He plans to use this opportunity to make a case for $7.5 billion in new infrastructure legislation for tram chargers will help the US “go to the sidelines” in the field of green energy production. Currently, the US market share of plug-in electric vehicles is one-third that of the Chinese electric vehicle market.
As Biden toured the plant, he noted that the US was not yet leading in electric vehicles, which he believes its infrastructure package and additional investments in clean energy could change.
“China The President said.
The President has the opportunity to test drive the electric GMC Hummer, is on sale for a starting price of $108,700. He climbed onto the over four-ton vehicle with a Secret Service agent, starting slowly and then descending:
President Biden drives an electric Hummer @GM: “Does anyone want to dance in the back? On the roof? This is someone’s sucker.” pic.twitter.com/3WbEwArRJW
– CSPAN (@cspan)
November 17, 2021
Approaching the waiting reporters and delegation, he asked, “Who wants to jump in the back?”
“This is another bloodsucker’s thing,” he declared.
Two top White House advisers, Writing in the Detroit Free Press, said the legislation would help the United States regain its weakened global competitiveness, it said, “after decades of delay and decay.”
“No one knows this better than Detroit, which has been at the heart of American industrial strategy in the past and may now again, which is why. President Biden Brian Deese, Director of the National Economic Council and national security adviser Jake Sullivan wrote in an opinion column published Wednesday.
Republicans, some of whom even voted in favor of the infrastructure package, are criticizing Biden for being too preoccupied with electric vehicle technology at a time when Americans are competing with spikes. gas and natural gas prices.
Senate Republican Leader Mitch McConnell took to the Senate floor on Tuesday to make the case that “the Biden administration doesn’t have any strategic plan to snap our fingers and turn our vast country into a some pure blue utopia overnight.”
“They just want to throw huge amounts of government money at things like solar panels and electric cars and hope to see what they do,” said McConnell, one of 19 GOP senators who voted in favor of the infrastructure bill. Hope it all works out.” He added, “American homes are staring at the barrel of skyrocketing heating bills, and the Democratic response is to wage the war against America’s affordable energy.”
White House press secretary Jen Psaki has emphasized that the administration is looking at “every tool in our arsenal” to combat high gas prices, saying Biden and his economic team are “quite focused.” into this issue.
Biden has asked the Federal Trade Commission to monitor gasoline prices and address any illegal behavior that is being observed and is engaging with countries and overseas organizations like OPEC on an increasing supply.
Biden took it a step further on Wednesday, sending out a letter asking the FTC chairman to look into investigating “whether illegal conduct costs families with pumps.” The letter noted an “unexplained” gap in the price of unfinished gasoline and the price for consumers at the pump station.
NS GM The factory Biden visited is expected to close in 2018 as the automaker tries to reduce excess plant capacity to produce sedans as buyers switch to SUVs and vans. But the factory, which has produced cars with internal combustion engines since opening in 1985, was rescued a year later and designated Factory Zero to build zero-emission electric vehicles.
Currently, the 4.1 million-square-foot plant, straddling the Detroit border from Hamtramck, is producing pre-production versions of the electric GMC Hummer pickup truck.
Next year, the company will begin production of an electric Hummer SUV. Factory will start production of Origin, an electric vehicle for Cruise by GM self-driving car subsidiary, in 2023, and an electric company Chevrolet Silverado pickup on an unspecified date.
The factory won’t suffer much directly from infrastructure spending, but it will benefit from $7.5 billion designated to help build electric vehicle charging networks.
Biden wants $15 billion to build 500,000 chargers and hasn’t given a figure on how many could be built with half that amount.
Maybe $7.5 billion won’t be enough. The International Council on Clean Transportation says the US will need 2.4 million charging stations by 2030 if 36% new vehicle sales is electricity. Currently, the country has about 45,500 charging stations with about 112,000 plugs.
Biden is hoping to do more to promote electric vehicles, including provision for a $7,500 tax credit for consumers buying electric vehicles through 2026 that has been floated as part of the bill. his proposed $1.85 trillion climate and social services bill.
The following year, only purchases of US-made electric vehicles will be eligible for the credit. The base credit will increase by $4,500 if the vehicle is manufactured in a U.S. plant operating under a union-negotiated collective bargaining agreement. Only GM-owned auto plants, Ford Motor Co. and Stellantis NV qualify.
The tariff reduction on US-made vehicles could be a point of tension when Biden receives Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador at the White House on Thursday for the North American Leaders Summit. first since 2016.
Canadian Foreign Minister Melanie Joly said she raised concerns with Secretary of State Antony Blinken when the two met in Washington last week that the proposed tax credit would have a negative impact on Canada’s integrated auto industry. North America and put thousands of Canadian jobs at risk.
