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Biden Hits the Brakes on EV Transition

via Forbes Breaking News
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

The Biden administration is considering scaling back requirements for electric vehicle production in the U.S. due to challenges in supply chains, consumer demand, and infrastructure.

The adjustment comes amidst concerns about the feasibility of the initial ambitious goals and the need to balance environmental objectives with economic realities, particularly in an election year where Biden seeks union support.

“Give the market and supply chains a chance to catch up, maintain a customer’s ability to choose, let more public charging come online, let the industrial credits and Inflation Reduction Act do their thing and impact the industrial shift,” Alliance for Automotive Innovation CEO John Bozzella said.

The proposed changes aim to allow for a more gradual transition while ensuring reductions in emissions and economic benefits.

The shift is seen as a pragmatic move to address practical constraints and political considerations, especially in key battleground states like Michigan.

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