Biden Delivers Big Bucks to Electric Vehicle Industry (There May Be Trouble)

Biden Delivers Big Bucks to Electric Vehicle Industry (There May Be Trouble)

The US government and automakers appear to be on the same page about transforming the country’s car culture from one based on the internal combustion engine to one based on battery electric vehicles.

Both sides seem to understand that such a big shift will require tens of billions of dollars in investment before consumers migrate en masse to electric vehicles.

This week Ford (eat) unveiled plans that require its nearly 3,000 dealers to invest either $500,000 or $1.2 million to install upgrades required to become “EV certified.”

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