, one in five American drivers are considering going electric when they buy their next vehicle.
on the market. Last year’s spike in EV purchases led to both manufacturers surpassing 200,000 EV sales in the past several months, triggering the phase-out of the tax credit for their vehicles.) Republicans have been slow to support EV incentives. But this bipartisan effort is emblematic of the shifting politics around the issue, wherein some Republicans are beginning to seize onto the benefits of spurring domestic EV production to enhance U.S. competitiveness in auto manufacturing.
“The potential threat to the U.S. is long-term: should China have bet correctly on electric vehicles, and should global demand begin to shift away from internal combustion to electric vehicles on a large scale, the U.S. industry may be unable to meet demand,” the report warns. “If so, China may be poised to overtake the U.S.”
This presents another competitiveness gap, as the U.S. is extremely reliant on foreign sources of critical minerals such as lithium, nickel, cobalt, even though some of these raw materials are available domestically. For example, the U.S. has a sizable lithium deposit in North Carolina, and others exist in states such as Arkansas, California, and Nevada. In recentbefore a Senate committee, Simon Moores of Benchmark Mineral Intelligence argued that this represents an opportunity for the U.S.
A ignorant give away to the rich !! Billions of dollars for what !!
we still have to burn coal to make it..you feel good on your end ..so its o.k.
400k cars X $7,500 = 3 Billion dollar giveaway.