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Biden pitches $174-B electric vehicle plan in Michigan

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Nandita Bose and David Shepardson, Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/reuters/05/19/biden.jpg"/><figcaption>US President Joe Biden drives the new electric Ford F-150 Lightning at the Ford Dearborn Development Center in Dearborn, Michigan on May 18, 2021. <em>Nicholas Kamm / AFP</em></figcaption></figure></div><p>DEARBORN, Mich./WASHINGTON - US President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for US consumers - and even got to take a new zero-emission truck out for a drive.</p><p>&quot;We need automakers and other companies to keep investing here in America and not take the benefits of our public investments and expand electric vehicles and battery manufacturing abroad,&quot; Biden said on a visit to a Ford Motor Co electric-vehicle plant in Dearborn, Michigan, to see the EV version of its best-selling F-150 pickup truck.</p><p>The United Auto Workers (UAW) has criticized General Motors Co for announcing a $1 billion investment in Mexico to build EVs and Ford for opting to build some EVs in Mexico rather than Ohio.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/ancx/drive/cars-and-bikes/02/26/21/this-filipino-engineer-converted-his-vintage-toyota-into-an-electric-car">This Filipino engineer converted his vintage Toyota into an electric car</a></li></ul><p>GM noted it had recently announced nearly 9,000 new US jobs and $9 billion in US EV and battery facilities. Ford Executive Chairman Bill Ford said at the event that Biden &quot;understands that building things in this country matters&quot; and added the company employs more UAW workers than its Detroit rivals.</p><p>The UAW also wants GM to recognize the union at joint-venture battery facilities. Ford is considering similar ventures. &quot;We need you to deepen your partnership with the UAW,&quot; Biden added.</p><p>UAW President Rory Gamble urged Biden to make sure investment encourages strong labor standards, good union jobs and US-built vehicles.</p><p>Biden argues the United States is falling behind China, which is selling more EVs.</p><p>&quot;We&#x27;re going to set a new pace for electric vehicles,&quot; the Democratic president said, vowing to reverse what he called the Trump administration&#x27;s &quot;short-sighted&quot; rollback of vehicle emissions standards.</p><p>Biden went to a Ford test track to briefly drive the EV truck still camouflaged ahead of its official reveal on Wednesday. US presidents are typically not allowed to drive by security officials.</p><p>&quot;This sucker&#x27;s quick,&quot; Biden told reporters, adding it could go from 0-60 miles an hour in just 4.4 seconds. &quot;It feels great.&quot;</p><div><strong>REBATES, TAX CREDITS</strong></div><p>Biden ruled out consumer incentives for high-priced electric luxury models, according to a White House fact sheet, as he argues for dramatic government spending to prod Americans to buy electric vehicles.</p><p>His electric-vehicle plan, first announced on March 31, cheered investors who bought shares in several electric-vehicle startups that have struggled. Shares in electric truck maker Lordstown Motors Corp rose more than 20 percent and shares in Nikola Corp were up more than 6 percent in late trading.</p><p>Biden is pushing for electric vehicles in the auto industry&#x27;s heartland, and trying to win over auto workers worried that more electric cars and trucks will mean fewer jobs.</p><p>The White House wants to encourage new battery production facilities, which are key to ramping up US electric vehicle manufacturing.</p><p>Biden&#x27;s plan &quot;proposes cost-sharing grants to support new high capacity battery facilities in the United States&quot; and backs grants to fund the retooling of shuttered factories &quot;to build advanced vehicles and parts.&quot;</p><p>The centerpiece of Biden&#x27;s EV plan is $100 billion in consumer rebates. Biden backs a further $10 billion in new tax credits for zero-emission medium- and heavy-duty work vehicles.</p><p>Biden faces resistance from many congressional Republicans on his EV focus. Republicans are poised to release a counterproposal to Biden&#x27;s infrastructure plan and Republicans will meet with Biden&#x27;s commerce and transportation chiefs later on Capitol Hill.</p><p>The president wants $15 billion to build 500,000 EV charging stations by 2030 - including in apartment buildings and public parking - and $45 billion to electrify a significant number of school and transit buses. He also wants to fund shifting the federal fleet to more EVs, including for the Postal Service to begin using EV delivery trucks. </p><div><strong>(Reporting by David Shepardson and Nandita Bose; Editing by Alexandra Hudson and Peter Cooney)</strong></div><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/05/12/21/us-electric-car-chargers-ev-green">New US electric car chargers are a green leap of faith</a></li>	<li><a href="https://news.abs-cbn.com/business/04/21/21/tesla-drives-on-autopilot-through-a-regulatory-grey-zone">Tesla drives on Autopilot through a regulatory grey zone</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/2svpFDS3frg?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>US President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for US consumers - and even got to take a new zero-emission truck out for a drive.</p>

US President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for US consumers - and even got to take a new zero-emission truck out for a drive.

Biden pitches $174-B electric vehicle plan in Michigan

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Biden pitches $174-B electric vehicle plan in Michigan

Nandita Bose and David Shepardson,

Reuters

Published May 19, 2021 09:25 AM PHT

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