politics-electric-vehicles9.105 min read "Government Initiatives Drive Electric Vehicle Innovation and Infrastructure Expansion"
The Biden administration's rollout of EV charging stations has been slow due to added social-justice and union mandates, with only two federally funded stations opened despite $2 billion in subsidies. The latest funding comes with rules that prioritize disadvantaged communities, while demand for EVs in the US is low, with only 6 percent wanting an EV for their next vehicle. Despite massive incentives and subsidies, actions by companies like Hertz, GM, and Ford indicate lower-than-expected adoption rates, leading to a surplus of EV inventory on dealer lots. The administration's approach to EVs and regulations is criticized, with doubts about reaching the projected 10 percent EVs on US roads by 2030.
2 years ago•Source: Mish Talk
