Biden proposal: $174 billion for EVs, new funds for renewable power
The Peninsula
Washington: President Joe Biden's vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power - both provisions aimed at weaning the US off of fossil fuels and combating climate change.
The $2 trillion plan, which also seeks to invest in traditional projects like roads and bridges, is a centerpiece of the administration's ambitious agenda to decarbonize the U.S. economy by 2050 and restore the nation's leadership in addressing global warming. It also vows to spend $165 billion on public transit, Amtrak and other rail projects - moves that could shift more Americans out of private cars and onto trains and transit systems.
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