Biden infrastructure plan includes pitch for electric vehicle rebates — Tesla, GM, Nikola shares gain
Last Updated: March 31, 2021 at 11:16 a.m. ET
First Published: March 31, 2021 at 11:01 a.m. ET
By Rachel Koning Beals
Biden administration will ask Congress to extend incentives that have spurred a U.S. electric-vehicle market that still trails EV adoption in economic rival China.
The proposed extension for breaks on EV purchases is part of a $2.25 trillion infrastructure and stimulus blueprint called “The American Jobs Plan” that Biden is set to announce in Pittsburgh Wednesday afternoon, some details of which the White House has released.
Biden’s proposal includes long-expected updates to roads, airports and other portions of U.S. infrastructure, but as part of his campaign promise, the plan looks to move the needle on fighting climate change. In addition to giving a boost to EV purchases, the plan calls for more charging infrastructure and electric school buses. Republicans in Congress say they’re worried the corporate tax proposals to fund the plan could slow an economy pulling out of the COVID-19 slump.
Read: Wall Street is pricing in $4 trillion of infrastructure spending. Here are the stocks that could benefit, according to Bank of America
And: These are the stocks for playing Biden’s infrastructure push, analysts say
Other tax-based incentives for climate change laid out in Biden’s Wednesday announcement included the proposed expansion of a tax credit to create underground storage for carbon capture and an investment tax credit focused on electric transmission. Biden’s initiative would also give a 10-year extension to tax credits that have been a boon to wind, solar and other renewable energy projects.
https://www.marketwatch.com/story/biden-infrastructure-plan-includes-pitch-for-electric-vehicle-rebates-tesla-gm-nikola-shares-gain-11617202889?
https://www.marketwatch.com/story/clean-energy-etfs-surge-as-investors-await-infrastructure-plan-details-2021-03-31?
Environment push?
Think PARIS accord.
Who audits / tracks the funneled money?
Define kickback.
Define slush fund.
EPA.
No oversight re: Hussein.
Why?
How does the C_A fund non sanctioned ops?
Off the books?
Re_ read past drops.
Will become relevant.
Welcome Mr. President.
The U.S. will NOT agree to continue the Iran deal as it currently stands.
Q