President Joe Biden on Wednesday is slated to visit a General Motors
GM,
electric vehicle plant in Detroit, where he’ll talk up how the newly enacted infrastructure law aims to boost the EV industry.
Biden will visit the plant and deliver remarks on “how the bipartisan infrastructure law creates a future made in America, builds electric vehicle charging stations across the country to make it easier to drive an electric vehicle, reduces emissions to fight the climate crisis, and creates good-paying, union jobs across the country,” according to the White House.
The law, signed by Biden on Monday, contains $7.5 billion for charging stations for electric vehicles.
Also see: Billions of dollars in infrastructure bill for charging could supercharge electric vehicle adoption
Democrats’ separate social-spending and climate bill — which could see a vote in the House of Representatives this week — contains new tax credits for EVs, of as much as $12,500. Even if approved in the House, however, the measure would face changes in the Senate, where moderate Democrat Joe Manchin of West Virginia has objected to certain provisions. Unlike the infrastructure bill, no Republicans are expected to support the social-spending package.
Now see: House Democrats plan EV tax credits of up to $12,500, as Republicans, Tesla, Toyota voice objections
Biden is scheduled to speak at 4:30 p.m. Eastern.
The president’s visit comes as he is again pressing the federal government to examine rising gasoline
RB00,
prices. In a letter to Federal Trade Commission Chair Lina Khan, Biden asked the agency to immediately “consider whether illegal conduct is costing families at the pump,” as he said there’s “mounting evidence of anti-consumer behavior by oil and gas companies.”
This post was originally published on Market Watch
