- By Wayne Rodrigo
- (General Dispatch) – With a long list of tax breaks and write-offs pending in his bid to fight climate change, President Joe Biden is encouraging citizens to trade in their cars.
- It is worth noting that the President’s intention is contemplated in Biden’s 2.3 trillion dollar infrastructure.
- According to the information provided, the plan is to replace fuel cars with cars powered by electric energy, which will reduce diesel costs and provide the environment with an advantage.
- Currently, in the United States, only 2% of all vehicles run on electric power, and bringing about changes in the accustomed ways of life also represents a Herculean task.
- According to research, “every electric vehicle sold reduces emissions. But it could take a couple of years for an electric vehicle to get to that point if coal is used to generate power and to recharge the vehicle,” said Bruce Belzowski
- Apparently, the plan has some sort of trade-in included where the customer turns in their fuel-powered car and gets the electric vehicle. However, economists wonder how that subsidy will be realized.
- Biden’s infrastructure is indeed ambitious. However, questions about financing are a constant in the population, because it will surely be the citizens and companies that will do the financing.
- In conclusion, vehicle corporations are already working to meet the demand, while Biden continues to look for the economic resources to cover the large amount of financial obligations he is acquiring.
Adittional Information:
Breitbart: Biden aims to juice EV sales, but would his plan work?
AP News: Biden aims to juice EV sales, but would his plan work?
