Biden EV Incentives Could Be At Time Of Purchase Instead Of A Tax Credit

The Biden administration wants to give consumers rebates for purchasing electric vehicles to help the U.S. compete against China in manufacturing the next generation of automobiles, White House climate adviser Gina McCarthy said.

President Joe Biden is “looking to invest more than $170 billion and he’s going to build out the electric charging stations that we need for consumers to buy these vehicles and feel confident that they can get where they want to go and back again,” McCarthy said in an interview on Bloomberg Television’s “Bloomberg Technology.”