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Climate Bill Aims to Boost America’s Charging Network to Meet Rising EV Demand
The US has 124,000 charging stations for electric vehicles. The Biden administration wants to see that go up to 500,000 by 2030. For this to happen $7.5 billion is already going to states under the $1 trillion infrastructure bill of 2021. The Biden $369 Climate bill that passed the Senate last week will give companies that build each charging station 30% tax credit for maximum of $100,000, up from $30,000 earlier, to build one charging station. It costs about $100,000 to tear up pavement and build a conduit for a charging station.
Supply chain issues will linger for 2022 and 2023 with shortage of chips after which it will move much faster says this report in WSJ. For EV's to go mainstream charging stations are a priority.
Biden and his "Biggest bill on Climate Ever, Ever, Ever"
09/03/2022
The $369 billion Biden Bill on Climate is the biggest bill ever. It was put through with Biden's fellow senators and his long experience in the Senate of the US through the efforts of Senator Coon and Hickenlooper who took a new approach to negotiating with Senator Manchin appealing to his place in history and in the party. Biden said while signing the bill "Joe I never doubted for a moment." Senator Schumer of New York did the negotiations and persevered till the end when Manchin was on board. Adjustments were made to allow increase in drilling to bring down oil prices to create a win-win for all so that it could be called The Inflation Reduction Act of 2022 as pharmaceutical prices would also come down with the government retaking the right to negotiate pharmaceutical prices lost under Republicans. It is also a Win for Europe, India, and the World.
Grouped Articles
Biden Signs Expansive Health, Climate and Tax Law
NYTimes.com 08/16/2022
Biden Signs Climate, Health Bill Into Law as Other Economic Goals Remain
NYTimes.com 08/18/2022
What’s in Joe Manchin and Chuck Schumer’s Reconciliation Deal on Climate, Health and Tax Policy?
WSJ 08/12/2022
Climate Bill Aims to Boost America’s Charging Network to Meet Rising EV Demand
WSJ 08/12/2022
Opinion | Bill Gates: We’re on the Verge of a Remarkable Moment for Congress and the Country
NYTimes.com 08/07/2022
Democrats’ Climate and Tax Deal Closes In on Passage
WSJ 08/05/2022
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