Pictured: Charging piles near a Whole Foods supermarket in Austin, Texas

According to news on April 8, the Biden administration announced that it would invest US$174 billion to promote the development of the US electric vehicle industry. According to an email sent by the U.S. Department of Transportation to congressional staff, the $174 billion new investment plan includes a total of $100 billion in consumer tax rebates, and it will spend $15 billion to build 500,000 new electric car chargers pile.

The latest electric vehicle tax rebate is part of the US$2.3 trillion infrastructure and employment plan proposed by the Biden administration. This may give a huge boost to U.S. automakers, especially GM and Tesla’s businesses, because GM and After Tesla has sold more than 200,000 all-electric cars, it will no longer enjoy the preferential policy of $7,500 per car.

The Biden administration’s plan also requires US$20 billion to be invested in electric school buses, US$25 billion for zero-emission commuter vehicles, and US$14 billion in other tax incentives. (Chenchen)

Source: NetEase Technology Report, translated by Google Translate