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Biden Delivers Big Money to EV Industry (There May Be a Problem)

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Biden Delivers Big Money to EV Industry (There May Be a Problem)


The U.S. government and automakers seem to be on the same page about transforming the country’s car culture from one based on an internal combustion engine to one based on battery-powered electric vehicles. 

Both sides seem to understand that such a large change will require tens of billions of dollars in investments before consumers migrate en-masse toward EVs. 

This week Ford  (F)  unveiled plans that ask its nearly 3,000 dealers to invest either $500,000 or $1.2 million to install upgrades needed to become “EV-certified.”





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