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White House Scrambles as Electric Vehicles Momentum Risks Slowing

White House Scrambles as Electric Vehicles Momentum Risks Slowing

The White House is scrambling to ensure U.S. EV adoption doesn't lose its charge amid signs — albeit limited — of slowing momentum.


Why it Matters: The charging focus gives Biden officials a way to promote EVs even though a limited number of models — for now — are eligible for $7,500 purchase subsidies.

  • They're also emphasizing charging-related jobs as polls show worrying political signs for President Biden on the economy.

Driving the News: The Treasury Department on Friday morning announced plans for implementing household and business tax breaks of up to 30% for installing charging equipment.



  • The wonky but important part: Its definition of census tracts eligible for credits under the 2022 climate law is broad, covering two-thirds of the U.S. population, officials said.

State of Play: It's among several charging initiatives that have been unveiled in recent days.

  • On Thursday, the Transportation Department announced nearly $150 million in grants to repair and replace nearly 4,000 existing charging ports across 20 states.
  • Last week brought $623 million in DOT grants for cities and rural regions nationwide to install public charging.

The Big Picture: Polling shows that charging access gives drivers pause about going electric.

  • For instance, a new Deloitte survey shows 40%-42% of U.S. respondents call it their greatest concern about EVs.

Catch up Fast: The latest moves are part of a much wider charging push, much of it enabled by the 2021 infrastructure law that devotes billions of dollars to building a national network.

  • However, the first of these taxpayer-funded chargers have only begun opening recently.

The Intrigue: The White House is rebutting perceptions that the U.S. EV transition is losing steam.

  • They're emphasizing a wide angle, noting that sales have more than quadrupled under Biden.
  • However, while U.S. sales are still rising, the growth rate appears to be easing a bit, and Detroit automakers GM and Ford have been tempering expectations.
  • The latest sign of these tempered expectations arrived just this morning when, via Bloomberg, Ford said it's scaling back production of its F-150 Lighting electric pickup.

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