All tagged EV

The EV Effect

Innovation and popularity of the electric vehicle industry has reached new heights recently, as the push for saving our environment through cleaner emissions are taking root in America. The United States is behind in the EV industry when compared to their competitors, but is beginning to take initiative and eliminate gas-powered cars from their roads. Currently, China’s EV market is three times as large as the United States’, but this could soon change as President Biden is proposing a substantial $174 billion investment in the EV market, with hopes to increase domestic supply chains, create American jobs in the industry, and provide sale rebates and tax incentives to encourage both consumers and producers (“The American Job Plan” 2021). Although this infrastructure package is still being debated, the Biden administration has already taken many other steps in promoting a cleaner and more fuel-efficient future.

The EV Effect

Innovation and popularity of the electric vehicle industry has reached new heights recently, as the push for saving our environment through cleaner emissions are taking root in America. The United States is behind in the EV industry when compared to their competitors, but is beginning to take initiative and eliminate gas-powered cars from their roads. Currently, China’s EV market is three times as large as the United States’, but this could soon change as President Biden is proposing a substantial $174 billion investment in the EV market, with hopes to increase domestic supply chains, create American jobs in the industry, and provide sale rebates and tax incentives to encourage both consumers and producers (“The American Job Plan” 2021). Although this infrastructure package is still being debated, the Biden administration has already taken many other steps in promoting a cleaner and more fuel-efficient future.