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Biden sets target for %50 electric car sales by 2030

5 Aug 2021 11:40 AM

The administration of the US President Joe Biden on Thursday announced a new national target for electric vehicle sales between 40% and 50% by 2030.

According to a statement from the White House and automakers Ford, GM and Stellantis, the target was set to achieve the global commitments of the Paris Climate Agreement.

These moves are very big toward President Joe Biden's pledge to cut emissions and fight climate change as he pushes to shift the nation away from internal combustion engines to battery-powered vehicles.

The administration also announced today that there would be new mileage and anti-pollution standards from the Environmental Protection Agency and the Transportation Administration.

Several automakers have already announced electric vehicle sales targets similar to those in the deal with the government. Last week, for example, Ford's CEO said that his company expects 40% of its global sales to be fully electric by 2030. General Motors said it aspires to sell only electric passenger cars by 2035. Stellantis, formerly known as Fiat Chrysler, will drive more than 40% electric vehicles by 2030.

In the infrastructure bill awaiting passage in the Senate, there are $7.5 billion in grants to build charging stations, about half of what Biden originally proposed. He wanted $15 billion for 500K stations, plus money for tax breaks and cuts, to entice people to buy electric cars.

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