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EV tax credits in Biden’s Build Back Better Act will help sell more cars than new chargers

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President Joe Biden speaks during a visit to the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, Nov. 17, 2021, in Detroit.

Evan Vucci | AP

DETROIT – Now that President Joe Biden‘s $1 trillion infrastructure bill is law, Democrats are setting their sights on his Build Back Better Act to further advance the administration’s electric vehicle agenda.

The bipartisan Infrastructure Investment and Jobs Act provides $7.5 billion to jump start Biden’s goal of having 500,000 EV charges nationwide by 2030. The $1.75 trillion Build Back Better Act, which was passed Friday by the U.S. House, includes tax incentives of up to $12,500 per vehicle to spur consumer demand in…



Source cnbc.com

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