White House targets 50 per cent electrified vehicle sales by 2030
Electric vehicle giant Tesla could miss out on new rebates, under a proposal endorsed by the Biden administration.
United States President Joe Biden overnight signed a non-binding executive order outlining a national target of 50 per cent electrified vehicle sales by 2030, and revealed plans to reinstate emission regulations rolled back under the Trump administration.
Further, Mr Biden also endorsed a Senate-born rebate proposal that would include a “$7500 basic credit [for zero-emission cars and trucks], $2500 credit for vehicles made in America, and an additional $2500 credit for union-made vehicles.”
If the policy is implemented, the world’s largest electric vehicle manufacturer Tesla – which has a wholly non-unionised workforce and builds many of its cars in China – could miss out on between $2500 and $5000 in additional incentives on every sale.
Representatives of General Motors, Ford, and Stellantis (parent company of US-based brands Chrysler, Jeep, and Ram) endorsed the move.
However, it is so far unclear what measures – if any – the government will take to encourage those manufacturers to meet the targets.
Funding for a new nationalised electric vehicle charging network remains tied to an infrastructure bill currently under debate in the Senate.