Biden Administration is Aiming for 50% Increase in EV's Sales in the United States By 2030

The US auto industry has gained its strongest support to date to build more all-electric vehicles. President Joe Biden is expected to sign an executive order Thursday to make half of all vehicles sold in the United States low-emission or electrified by 2030. Biden's 50% target includes all-electric vehicles that are powered by batteries. Fuel and hybrids with smaller combustion. engines. Electric vehicle sales in the United States account for about 2% of all new car sales, so it would be a huge boost from automakers to bring them closer to 50%. Biden called for $ 174 billion in government spending to power electric vehicles, including $ 100 billion in incentives for consumers.