Biden Delivers Big Money to EV Industry (There May Be a Downside)

The U.S. authorities and automakers appear to be on the identical web page about remodeling the nation’s automotive tradition from one based mostly on an inner combustion engine to one based mostly on battery-powered electrical automobiles. 

Each side appear to perceive that such a giant change would require tens of billions of {dollars} in investments earlier than customers migrate en-masse towards EVs. 

This week Ford  (F)  unveiled plans that ask its practically 3,000 sellers to make investments both $500,000 or $1.2 million to set up upgrades wanted to grow to be “EV-certified.”

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