Category: Business News
As the American Jobs Plan, President Biden’s $2.25 trillion infrastructure package proposes a $174 billion investment ‘’to win the EV [electric vehicle] market.” The goal of 500,000 charging stations across the U.S. by 2030 is big probably not ambitious enough. The American Energy Alliance, for instance, reports that “wouldn’t even amount to 50% of what is needed in California alone.” There’s also a strong push to electrify school buses and transit vehicles. As for electricity to power heavy-duty trucking (e.g., a climate mandate in California), some experts believe that sheer weight might make it physically impossible.
The climate goal of electrification is a triad: transportation, industry, and buildings. For example, some “blue” states such as California and Washington are banning direct usage of natural gas in homes in favor of electricity, while “red” states such as Oklahoma and Louisiana are doing the reverse, preemptively “banning the bans” against gas.