Auto industry stakeholders called on U.S. President Joe Biden to back a comprehensive plan on electric vehicles and push for tax credits and financial incentives, according to Reuters.

  • A six-page letter from the United Auto Workers (UAW) and two major auto industry trade groups cited the need for a comprehensive plan, as current support for supply and demand-side policies is insufficient to reach a net-zero carbon transportation future.
  • Out of the 278 million registered passenger U.S. vehicles, only 1.5 million are electric vehicles. Alliance for Automobile Innovation Head John Bozzella said EVs account for just 2% of U.S. sales today.
  • The letter also urged Biden to support significant government tax incentives, and subsidies for manufacturing and buying EVs. It also calls for more federal government fleet EV purchases.
  • Stakeholders likewise called for the development of U.S.-based supplies of critical minerals, battery and fuel cell manufacturing, and new government efforts to increase hydrogen fuel-cell vehicles.
  • The White House did not immediately comment on the letter.