Full Title: Scaling Electric Vehicles in the U.S.: A Federal Investment in Jobs and Clean Transportation
Author(s): Ellen Hughes-Cromwick, Alexander Laska
Publisher(s): Third Way
Publication Date: August 27, 2021
Full Text: Download Resource
On August 5th, President Biden issued an executive order for the United States to reach 50% light duty electric vehicle (EV) sales by 2030. Electric vehicles offer multiple advantages over gas-powered vehicles, and as we wrote in 2019, the US is already moving toward EVs. It still, however, lags behind global competitors like the E.U. and China in terms of EV production and charging infrastructure. Today the U.S. is at 4% EV sales and is projected to reach around 20% EV sales by 2030 under “business as usual.” Our goal is to help make sure these vehicles are made in the U.S. and most importantly designed and built by American companies with union workers.
Congress should invest $112 billion in tax incentives in reconciliation, paired with $5 billion already included in the Bipartisan Infrastructure Deal to accelerate the U.S. transition to EVs. These investments are critical to protecting more than 1 million American auto jobs and the vitality of American auto manufacturing, building EV charging stations in every part of the U.S, creating new supply chains, retooling manufacturing facilities, and increasing consumer demand.