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.

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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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  • Lorenzo Yes, they can recover from the Ghosn-led corporate types who cheapened vehicles in the worst ways, including quality control. In the early to mid-1990s Nissan had efficient engines, and reliable drivetrains in well-assembled, fairly durable vehicles. They can do it again, but the Japanese government will have to help Nissan extricate itself from the "Alliance". It's too bad Japan didn't have a George Washington to warn about entangling alliances!
  • Slavuta Nissan + profitability = cheap crap
  • ToolGuy Why would they change the grille?
  • Oberkanone Nissan proved it can skillfully put new frosting on an old cake with Frontier and Z. Yet, Nissan dealers are so broken they are not good at selling the Frontier. Z production is so minimal I've yet to see one. Could Nissan boost sales? Sure. I've heard Nissan plans to regain share at the low end of the market. Kicks, Versa and lower priced trims of their mainstream SUV's. I just don't see dealerships being motivated to support this effort. Nissan is just about as exciting and compelling as a CVT.
  • ToolGuy Anyone who knows, is this the (preliminary) work of the Ford Skunk Works?