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.
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