Full Title: Electric Vehicles: Policies to Help America Lead
Author(s): Alexander Laska, Ellen Hughes-Cromwick
Publisher(s): Third Way
Publication Date: November 2, 2022
Full Text: Download Resource
Description (excerpt):
The US has broad-based potential to build a competitive advantage in electric vehicle manufacturing and in other value chain segments in the EV industry. Doing so would enable US automakers and suppliers to create hundreds of thousands of jobs and create tens of trillions of dollars in market value through mid-century. Recent legislation, including the bipartisan infrastructure law and the Inflation Reduction Act, have created important programs such as tax credits and manufacturing grants that will accelerate the EV transition and help to secure US leadership.
But to build a lasting competitive edge, more policy tools need to be deployed. This could include boosting federal funding for RD&D of improved EV batteries, automated vehicle technologies, and advanced manufacturing; accelerating federal procurement of EVs and the buildout of EV charging infrastructure; retraining the auto workforce for EV assembly and battery production while preserving job quality; and streamlining federal permitting processes to make it easier to start new extraction operations while maintaining rigorous environmental standards.