Automakers Vow to Spend $250 Billion on U.S. Electric Vehicles

Electric Car tax credit changes

Automakers and parts suppliers are prepared to spend $250 billion on boosting the use of electric vehicles in the U.S., and called on the Biden administration to urge Congress to extend tax credits to buyers. The funding is intended to spur adoption of alternative-fuel cars like plug-in hybrid vehicles, battery-powered EVs and fuel-cell EVs, the… Continue reading Automakers Vow to Spend $250 Billion on U.S. Electric Vehicles