WASHINGTON, D.C. – Dearborn, MI – Today, the White House shared further details on the Administration’s $174B investment in electric vehicles (EVs) in the American Jobs Plan ahead of President Biden’s visit to Ford’s EV factory in Dearborn, Michigan. The Zero Emission Transportation Association (ZETA) has led the call for federal policies to drive consumer demand and accelerate EV adoption in the United States.
Biden will outline how robust consumer incentives, federal fleet electrification, a nationwide charging network, and revitalized agencies and loan programs will work together to drive the EV revolution. Like ZETA, President Biden understands that battery supply chain investments outlined in the American Jobs Plan can and will allow the U.S. to outcompete China and win the global race to EV leadership.
“The choices we face are stark: we either cultivate an advanced vehicle sector or cede this economic opportunity to others,” said ZETA Executive Director Joe Britton. “China holds a disproportionate share of the EV supply chain, particularly when it comes to battery processing, materials and recycling. They have funded research and development that has allowed their economy to capture the market.
“We are pleased to see the American Jobs Plan call for reshoring and investing in our supply chains,” said Britton, “from upstream production of critical raw materials to increasing capital access to downstream manufacturers.”
The EV investments put forth in the American Jobs Plan seek to “re-establish U.S. leadership in EVs and batteries.” ZETA’s testimony before the House Energy & Commerce Committee earlier this month outlined how Congress can deploy the EV market in service of the U.S. economy by adopting strong consumer incentives, investing in charging infrastructure, and instituting rigorous fuel economy standards – all while ensuring this transition is equitable.
Beyond reestablishing U.S. economic leadership, the American Jobs Plan will deliver increasingly more affordable and accessible EV options to consumers. The Plan gives consumers point of sale rebates and tax incentives to buy American-made EVs, while ensuring that these vehicles are affordable for all families and manufactured by workers with good jobs.