Friday, 30 July 2021 21:02

Biden Campaigns for 40% of U.S. Automaker Sales to Be Electric

Written by Joey Klender, Teslarati


...the fourth best-selling EV. These two vehicles followed the Tesla Model Y and Tesla Model 3, which took first and second place, respectively.


Ford’s commitment to 40% of its sales being electric has already been established, according to company spokesperson Melissa Miller.


“Ford has already said that we are leading the electrification revolution and planning on at least 40% of our global vehicle volume being all-electric by 2030,” Miller said in an emailed statement to Reuters.


GM said it did not have a comment to make as an agreement had not been reached.


With government incentives still said to be a circling concern of EV buyers, the White House has reportedly been talking about reintroducing the tax incentive program that establishes more financial advantages for potential buyers. The $7,500 EV tax credit currently expires after an automaker reaches 200,000 sales. Tesla and GM are the only two car companies that have reached this threshold.


The credit may be bumped to $12,500: $7,500 for the electric vehicle, an additional $2,500 for vehicles assembled within the U.S. and another potential $2,500 for cars built at production facilities whose workers are members of or are represented by a labor union. The incentive could be reintroduced by Biden’s $174 billion EV aid package, $100 billion of which has been slotted out for customer rebates.


We thank Teslarati for reprint permission.


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