Biden launches $ 174 billion EV plan in Michigan, takes truck for a ride
“We need the automakers and other companies to keep investing here in America and not take advantage of our public investments and expand the manufacturing of electric vehicles and batteries overseas,” Biden said in a statement. visit a Ford Motor Co electric vehicle plant in Dearborn, Michigan, to see the EV version of its best-selling F-150 pickup truck.
The United Auto Workers (UAW) criticized General Motors Co for announcing a $ 1 billion investment in Mexico to build electric vehicles and Ford for choosing to build electric vehicles in Mexico rather than Ohio.
GM noted that it recently announced nearly 9,000 new jobs in the United States and $ 9 billion in electrical and battery installations in the United States. Ford executive chairman Bill Ford told the event that Biden “understands that building things in this country is important” and added that the company employs more UAW workers than its Detroit rivals. .
The UAW also wants GM to recognize the union at the joint venture’s battery facilities. Ford is considering similar ventures. “We need you to deepen your partnership with the UAW,” Biden added.
UAW President Rory Gamble urged Biden to make sure the investments encourage high labor standards, good union jobs, and US-built vehicles.
Biden argues that the United States is falling behind China, which sells more electric vehicles.
“We are going to set a new pace for electric vehicles,” the Democratic president said, promising to reverse what he called the Trump administration’s “short-sighted” setback in vehicle emissions standards.
Biden took to a Ford test track to briefly drive the still camouflaged EV truck ahead of its official reveal on Wednesday. US presidents are generally not licensed to drive by security officials.
“This sucker is fast,” Biden told reporters, adding that it could go from 0 to 60 mph in just 4.4 seconds. “He feels good.”
DISCOUNTS, TAX CREDITS
Biden has ruled out consumer incentives for high-priced electric luxury models, according to a White House backgrounder, as he advocates massive government spending to get Americans to buy electric vehicles.
Its electric vehicle plan, first announced on March 31, applauded investors who bought shares in several struggling electric vehicle startups. Shares of electric truck maker Lordstown Motors Corp rose more than 20% and shares of Nikola Corp rose more than 6% at the end of the session.
Biden is pushing for electric vehicles at the heart of the auto industry and trying to convince auto workers who fear more electric cars and trucks will mean fewer jobs.
The White House wants to encourage new battery production facilities, which are key to accelerating the manufacture of electric vehicles in the United States.
Biden’s plan “offers cost-shared grants to support new high-capacity battery installations in the United States” and supports grants to fund retooling of closed factories “to build advanced vehicles and parts.”
The centerpiece of Biden’s EV plan is $ 100 billion in consumer rebates. Biden is backing an additional $ 10 billion in new tax credits for zero-emission medium and heavy work vehicles.
Biden faces resistance from many Congressional Republicans over his EV lens. Republicans are set to release a counter-proposal to Biden’s infrastructure plan, and Republicans will later meet with Biden’s commerce and transportation chiefs on Capitol Hill.
The president wants $ 15 billion to build 500,000 electric vehicle charging stations by 2030 – including in apartment buildings and public parking lots – and $ 45 billion to electrify a significant number of school buses and of public transport. He also wants to finance the transfer of the federal fleet to more electric vehicles, in particular so that the postal service begins to use delivery trucks of electric vehicles.
(Reporting by David Shepardson and Nandita Bose; Editing by Alexandra Hudson and Peter Cooney)
By Nandita Bose and David Shepardson