Biden Administration Obtains $700M in Private Investments For Electric Vehicle Chargers

Headline Roundup June 29th, 2022

The Biden administration on Tuesday announced that a number of private companies such as Volkswagen and Siemens are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle chargers.

The White House released a press statement that said the investments will be used to create at least 2,000 new jobs and manufacture more than 250,000 new EV chargers each year. The private investments follow Biden's $7.5 billion Bipartisan Infrastructure Bill, which includes $555 billion in tax breaks for cleaner energy and electric vehicles. The Biden administration also announced on Monday that they are investing $3.16 billion into the domestic production of electric car batteries. Some market firms have estimated that electric vehicle sales could reach $823 billion by 2030.

Outlets across the spectrum promptly analyzed Biden's "bold bet" on the expedited production of electric vehicles. Coverage from left-rated outlets highlighted Biden's green energy plan in a more favorable light and disputed claims of a rumored federal mandate that would require all Americans to switch to electric vehicles by 2035. Right-rated outlets were more likely to conclude that Biden's electric vehicle push has "hit a roadblock," criticizing rising prices as well as the dependence on "the Chinese Communist Party" for "critical" minerals needed to build car batteries.

From the Right
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Private companies including Volkswagen and Siemens have pledged to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers, the White House announced on Tuesday.

The move is set to increase domestic capacity to manufacture more than 250,000 new EV chargers every year and will add at least 2,000 jobs, while making EV charging “more affordable, accessible, and equitable,” according to the Biden administration.

The investment will also support the $7.5 billion approved in Biden’s Bipartisan Infrastructure Law to build a network of EV chargers across the nation.

According to the announcement, Volkswagen unit Electrify American pledged...

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From the Center
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The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers - actions set to add at least 2,000 jobs and make charging more accessible and affordable.

The investments include $450 million earmarked by Volkswagen unit Electrify America and more than $250 million by Siemens to expand its Grand Prairie, Texas and Ponoma, California EV charger plants.

FLO, an EV charging network operator, is also investing $3 million in its first U.S. assembly plant in...

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From the Left
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The electric version of Ford Motor Co.’s best-selling F-150 truck is poised to sweep rural America and tip the US market for EVs, President Joe Biden’s infrastructure czar predicted.

“You all are gonna be driving Ford F-150s with electric batteries in them. That’s how that’s gonna work,” Mitch Landrieu, the former New Orleans mayor, said in an interview with Bloomberg News reporters and editors Wednesday. 

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