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BMW Board Chair Olive Zipse says the move will put vehicle ownership out of reach for many people, and could be politically dangerous.
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The grants will fund projects designed to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production.
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Japanese Industry Minister Yasutoshi Nishimura expressed concern that a new U.S. law on tax credits for electric vehicles may violate international law.
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Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.
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The White House hosted the chief executives of major U.S. companies including auto and tech sector firms this week to discuss President Joe Biden's $1.75 trillion Build Back Better legislation.
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The Biden administration has reversed a rule issued under U.S. President Donald Trump that sought to quash California's vehicle emissions regulations.
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The proposed strategy includes building 500,000 charging stations for electric vehicles across the country and lowering the cost of electric cars.
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Commerce Secretary urges Congress to pass funding designed to boost domestic production of semiconductor chips.
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Some say the grants will provide a needed boost to EV adoption while others warn it will fail as previous policies did during the Obama Administration.
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President Biden signed into law a nearly $1 trillion infrastructure bill to repair the nation’s aging roads and bridges, upgrade the electrical grid, and expand access to broadband Internet.
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