President Joe Biden said the United States can’t let China win the electric vehicle market race but data shows that the country is currently behind, MarketWatch reported.

  • Biden said China thinks they are going to win in the electric vehicle race, citing the country’s growing EV market and battery manufacturing developments.
  • “But I got news for them, they will not win this race. We can’t let them,” he said.
  • Biden wants to spend $174 billion for electric vehicles which would include putting up 500,000 EV charging stations.
  • The proposal is part of Biden’s $2.3 trillion infrastructure package currently under negotiations with lawmakers from the Republican party.
  • A document from the White House showed that the United States is currently behind in terms of manufacturing and batteries.
  • The U.S. EV sales are pegged to be only a third of the Chinese market with 800,000 charging stations last year.
  • The document said Biden believes it is time for the U.S. to take the top spot in EV manufacturing, infrastructure, deployment, and innovation.
Tags: Biden China Electric Vehicle