Dems Embrace Biden Plan for $200 Billion Subsidy to Electric Vehicle Market in Infrastructure Bill

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Colorado Democratic Sen. Michael Bennet applauded President Joe Biden’s proposal to spend nearly $200 billion to prop up the electric vehicle market as part of his $2.25 trillion American Jobs Plan.

“I view this as our best opportunity in decades to make the long-term investments we have put off for years,” Bennet said on a conference call hosted by Climate Power on Wednesday. “The American Jobs Plan puts out $40 billion in our natural infrastructure to restore our forests, protect our watersheds — some of that is based on my Outdoor Restoration Partnership Act that I wrote as a result of the fires we’ve seen.

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“Hundreds of billions of dollars in the proposal to expand clean energy infrastructure and the importance of including clean energy standards would dramatically reduce carbon emissions from electricity. And nearly $200 billion in investments for the deployment of electric vehicles, I could go on.”

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Currently, the federal tax rebate for consumers who purchase fully electric cars is $7,500. The rebate could increase to $10,000 under the Biden proposal, which hasn’t been formally drafted into legislation yet.

justthenews.com/government/congress/democrats-embrace-bidens-plan-spend-200-billion-electric-vehicle-deployment

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