Recent News

By Month

See all

Bloomberg: Biden Seeking Pledge for 40% of Car Sales to be EV by 2030

Bloomberg News summarized a possible agreement between the White House and automakers to reach electric car sales and usage goals, quoting AEE's Ryan Gallentine. Read snippets below and the full article here. Read coverage by the Boston Globe here and Reuters here.

The White House is negotiating to have automakers pledge that 40% or more of the vehicles they sell in the U.S. will be electric by the end of the decade, something the companies say will require the government to help promote the use of the cars.

A pledge on new car sales would be significant because while some U.S. automakers have promised to convert their model lineups to electric vehicles, they haven’t made any promises on volumes. Automakers are looking for support from the government in meeting those goals, such as subsidies or funding for charging infrastructure like that contained in a bill working its way through the Senate now...

An agreement with automakers could add momentum for congressional efforts to expand support for electric vehicles, such as through spending on chargers in a bipartisan infrastructure bill advancing in the Senate now and a later spending measure expected to include an expanded tax credit for plug-in cars. The infrastructure bill would dole out $7.5 billion to help build a nationwide network of electric vehicle chargers, an amount that would nearly double all prior public investment by utilities, states and the federal government in those critical charge points... 

But it’s still just a fraction of the $87 billion analysts and environmentalists say is needed this decade to swiftly electrify the nation’s cars and trucks that will require reliable access to electrons...

Ryan Gallentine, a policy director with Advanced Energy Economy, a group that supports greater electrification, called the Senate spending measure “a good start” that will buttress automakers’ EV plans.

In many places, getting charging stations installed will require upgrades in power transmission and other systems to support them, Gallentine said.

“There’s a lot of factors that play into the number of actual chargers we get,” Gallentine said. “States are going to have to look at the amount of money they are going to get out of this package and decide how they will want to spend it.”

Read the full article here.

Topics: AEE In The News