Analysis of Biden’s Infrastructure Plan
President Biden finally held his first official press conference last Thursday, March 25th, wherein he addressed his $2.2 trillion infrastructure bill, albeit from a high level that was light on details. What we do know is that the legislation will include $174 billion dedicated specifically to incentivizing EV manufacturing, the building of charging networks, tax credits for EV purchasers, and the development of alternative fuel technologies. The goal, Biden says, is to have a minimum of 500,000 EV charging stations installed across the country by 2030. While the cause is noble, CNBC reporter Michael Wayland notes that government support alone may be insufficient to build the infrastructure necessary to spur such an electric revolution, especially in less than a decade.... Read More
