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Increasingly, the global market is shifting to electric vehicles (EVs) – tapping into EVs’ potential to save families thousands of dollars, lower carbon pollution, and make the air we breathe cleaner. Yet, despite pioneering the technology, the United States is behind in the race to manufacture these vehicles and the batteries that go in them.
Today, the U.S. market share of plug-in electric vehicle (EV) sales is only one-third that of the Chinese EV market. And in 2020, China had approximately 800,000 public charging points compared to just 100,000 in the U.S. President Biden believes it is time for this to change and for the U.S. to lead in EV manufacturing, infrastructure, deployment, and innovation.