#ChuckSchumer
Biden Planning to Pour $100 Billion Worth Of Rebates Onto EVs
The Biden administration expanded on its $174 billion proposal to boost electric vehicle sales on Thursday, suggesting that the United States government make it rain money on those purchasing EVs.
Technically a part of the $2.3 trillion infrastructure plan, which has been expanded to include jobs and numerous environmental projects, the proposal makes a lot of special exemptions for alternative energy vehicles backed by large financial commitments. $100 billion will be set aside for new consumer rebates, potentially opening up the door for manufacturers that have already exhausted their quota of federal tax credits linked to zero-emission cars.
Senate Considers $454 Billion Swap to Nationwide Electrification
On Thursday, Senator Chuck Schumer (D-NY) proposed a $454 billion plan aimed at converting the United States from a gasoline-powered nation to one driven primarily by electricity. Under the 10-year plan, automotive consumers would get rebates ranging from $3,000 to over $5,000 (based on efficiency), plus another $2,000 for low-income buyers, for the purchase of electric vehicles made in America.
“This proposal to bring clean cars to all of America will be a key component of the far-reaching climate legislation from Senate Democrats, and I’m proud it has a broad coalition of support,” the senior senator said in a statement.
Much like the haphazard way Schumer insists on wearing glasses at the outermost tip of his nose, begging for gravity to take them, his plan has us mildly concerned.
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