US President Joe Biden explained the new steps to be taken towards clean energy vehicles. Fifty percent of all vehicles sold in the United States are targeted to be electric cars by 2030.
US President Joe Biden announced the infrastructure package in March but the decision on this issue could not be reached in the US Senate then. But the bill was accepted last week and the Biden Government plans to spend approximately 1 trillion dollars in 8 years within the scope of the infrastructure package. And the biggest share of this is allocated to electricity infrastructure with 65 billion dollars.
Joe Biden signed the zero-emissions ordinance, according to which 50 percent of all vehicles sold in the United States by 2030 are aimed to be electric. Biden, in his speech before the signing, explained the new steps to be taken towards clean energy vehicles.
As it is known, the most important part of electric vehicles is the battery. 80% of battery production is made in China. Saying that the USA is in competition with China and other countries, Biden noted that electric vehicle and battery production should also be done in the USA.
Automakers are slow to adopt
As a reminder, at the beginning of this year, Joe Biden was advised by two senators from the state of California to "end the sale of new vehicles with internal combustion engines". Toyota, the world's largest automaker, took action to intervene in the decision. A senior Toyota executive even met with congressional leaders to oppose the Biden administration's project to promote the transition to electric cars. He argued that self-charging models that work with hydrogen, which is shown as the fuel of the future, obtained from natural sources or man-made products such as waste water, and that have both electric and gasoline engines, should also be on the market.
As of the end of 2020, there are more than 10 million electric cars in the world. This number is expected to reach 1 billion 100 million by 2050. Therefore, it will be very important who is positioned where and how in the market where competition is intense.