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Electric vehicles get help in Biden plan, but roadblocks remain

Joseph Morton, CQ-Roll Call on

Published in Automotive News

His proposed investment in electric vehicles has the support of the National Mining Association, which represents companies that extract copper, gold, silver and other minerals.

Sticker shock

But a major barrier for most would-be EV drivers is cost. The most recent IRS data showed that 85 percent of electric vehicle tax credits went to taxpayers with adjusted gross income of $100,000 or more, Dziczek said.

Biden’s plan calls for point-of-sale rebates and tax incentives for buyers, but those go only so far.

Dziczek said the new-car price of even traditional vehicles is beyond the range of most Americans with a median income. Instead, they’re buying used cars — and even the prices for those spiked last year.

Beyond cost, there’s a lack of charging stations. Biden’s proposal would establish grant and incentive programs intended to build a national network of 500,000 EV chargers by 2030.

 

Dziczek said one of the most effective steps the government can take is pouring money into superfast charging stations, which are also superexpensive to build.

“That’s something where the government can really do a lot to electrify the nation’s highways, and that will encourage more consumer use,” Dziczek said.

Rep. Debbie Dingell, D-Mich., a lawmaker at the center of the ongoing policy discussions, agreed that Americans simply aren’t going to buy electric vehicles until the charging infrastructure has been upgraded and drivers have confidence they can get where they’re going without running out of juice.

“The other part of this is that they’re used to going into a gas station and filling up in two to three minutes,” Dingell said. “We need to get quick charges out there because a lot of consumers aren’t known for their patience of waiting to charge a vehicle for half an hour.”

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