LIVE: Biden Orders Electric Vehicles Make Up Half of U.S. Sales by 2030 | Top News
Published Date: 8/5/2021
Source: Bloomberg Quicktake: Now
(Aug. 5) President Joe Biden plans to call for half of all vehicles sold in the U.S. to be capable of emissions-free driving by the end of the decade, an ambitious goal that automakers say can only be achieved with bigger government investment in charging stations and other infrastructure. Biden will be joined at the White House Thursday by representatives of Detroit automakers and the United Automobile Workers union as he unveils an executive order establishing the the goal for half of all cars sold to be battery-electric, plug-in hybrid or fuel cell-powered by 2030, according to senior administration officials and a White House fact sheet. “These new actions -- paired with the investments in the president’s Build Back Better Agenda -- will strengthen American leadership in clean cars and trucks by accelerating innovation and manufacturing in the auto sector, bolstering the auto sector domestic supply chain, and growing auto jobs with good pay and benefits,” the White House said in a statement. --- Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake