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

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

The US government and automakers appear to be on the same page in changing the country’s car culture from one based on internal combustion engines to one based on battery-powered electric vehicles.

Both sides seem to understand that such a big change will require tens of thousands of dollars in investments before consumers make the dramatic move toward EVs.

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

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