US House Democrats seek $160b in new EV funding

    A group of 29 Democrats in the US House of Representatives wants congressional leaders to include at least $ 160 billion in additional funding for electric vehicles as part of a $ 3.5 trillion spending measure, according to a Reuters letter.

    The $ 1 trillion bilateral infrastructure bill includes $ 7.5 billion for electric vehicle charging stations and some other $ 2.5 billion to $ 5.5 billion in electric vehicle funding. President Joe Biden in March asked for a total of $ 174 billion in total spending on electric vehicles, including $ 100 billion in consumer incentives and $ 15 billion to build 500,000 EV charging stations.

    For all the latest news, follow the Daily Star Google News channel.

    A previously unnamed letter Wednesday said Congress should provide at least $ 174 billion in total funding for electric vehicles, including light consumer incentives, electric vehicle charging infrastructure, electric vehicles and electric vehicle construction incentives. incentives for the electrification of heavy-duty merchant fleets. “

    They also want to ensure that “at least 40% of investment goes to disadvantaged communities”.

    Spokeswoman Doris Matsui, who helped lead the letter, cited a UN climate report this week as saying global warming was dangerously close to getting out of control.

    “Strong investments in electric vehicles are vital to meeting the challenges of the climate crisis and we must be willing to take bold steps to build a better future,” he said.

    On Tuesday, a separate group of Democrats said they wanted $ 85 billion to try to charge electric vehicles.

    The impetus faces opposition from Republicans. On Tuesday, the Senate voted 51-48 in favor of a non-binding amendment that prohibits taxpayers from claiming EV tax credits if they make more than $ 100,000 a year or if vehicles cost more than $ 40,000.

    Republican Sen. Deb Fischer, who drafted the amendment, wondered “why are we subsidizing this industry at all” and said lawmakers should reject “taxpayer subsidies for the rich.”

    A Senate committee in May voted to extend the credit to $ 12,500, limiting credit to vehicles under $ 80,000.

    Michigan Democrat Sen. Debbie Stampenow opposed Fisher’s amendment, calling it an “anti-pickup truck.” He said the price cap would mean that EV receipts would not be eligible for credit.

    The current maximum tax credit is $ 7,500 without a maximum vehicle price and is phased out for individual carmakers once they exceed 200,000 total EVs sold.

    General Motors Co., Ford Motor Co. and Chrysler’s mother, Stellantis NV, said in a joint statement last week that they aspire to “achieve sales of 40% -50% of the annual volume of electric vehicles in the US … by 2030” . The automakers said achieving this ambitious goal would require large government spending on electric vehicles.

    Newsvibe24 Source