During his inauguration speech on January 20, 2021, President Joe Biden declared that “the battle to save our planet by getting the climate under control” was one of the foremost issues he planned to address while in the White House.
One of the most important aspects of that climate agenda includes a move toward electric vehicles (EVs) as replacements for the gasoline-powered cars driven by tens of millions of Americans. Biden and other officials in his administration have pushed hard on the electric vehicle issue and included provisions to incentivize EVs in major pieces of legislation.
As part of the Inflation Reduction Act enacted in August 2022, Americans can receive a tax credit of up to $7,500 if they purchase an electric vehicle. The White House touted in February that the president’s infrastructure law alone had invested over $20 billion into EV-related infrastructure, including charging stations and battery components. Meanwhile, the private sector, under the…