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

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

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The U.S. government and automakers appear to be on the same page about changing the country’s automotive culture from combustion engine-based to battery-powered electric vehicles.

Both parties seem to understand that such a big change will require tens of billions of dollars of investment before consumers make the massive switch to electric cars.

This week Ford (F) announced plans to ask its nearly 3,000 dealers to invest either $500,000 or $1.2 million to install upgrades required for “EV certification.”

Source: https://www.thestreet.com/investing/government-charging-station-money-skips-a-key-link-in-retail-chain?puc=yahoo&cm_ven=YAHOO&yptr=yahoo



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