Biden agrees to $973B bipartisan infrastructure plan, EV subsidies axed
The Biden administration has wholeheartedly embraced electric vehicles in its proposed infrastructure plan and other areas of the government. But the president also wants the US supply chain to better compete with China’s dominance in battery assembly and resource refining. According to a Reuters report this past Friday, Biden’s plan targets a boost to battery recycling to walk a fine line between helping the environment and increasing competitiveness.
Reuters reported on various government reports submitted to the White House as a 100-day review of important supply chains wraps up. This review is mostly meant to address the constricted supply of semiconductor chips. The chip shortage continues to plague numerous industries, including the auto industry. However, the review extends to the EV supply chain and the government aims to position the US to better compete with China’s abilities to build batteries and to refine the materials needed to make them.
Read the full article at: www.cnet.com
