Wednesday, August 10, 2022

WATCH LIVE: Biden makes remarks at General Motors’ Electric Vehicle Plant in Detroit

WASHINGTON (AP) – President Joe Biden is committing billions of dollars in his giant two-party infrastructure deal to install electric vehicle chargers across the country. well paid job.

Biden is expected to perform at 4:30 pm ET. Follow the event in the player above.

Biden will visit General Motors’ plant in Detroit on Wednesday, which makes electric vehicles. He will take this opportunity to prove that the $ 7.5 billion in the new EV Charging Infrastructure Act will help America go off the scene in clean energy production. Currently, the US electric vehicle market share is one third of the Chinese electric vehicle market.

“This is a big deal,” Biden said as he signed the law at a ceremony at the White House on Monday.

Two top White House advisers, in an article in the Detroit Free Press, said the law would help America regain its global competitiveness, which they claim has declined “after decades of delay and decline.”

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“No one knows this better than Detroit, which has been at the center of American industrial strategy in the past and can now again, which is why President Biden is coming today,” wrote Brian Dees, director of the National Economic Council and Homeland Security. counselor Jake Sullivan in an opinion column published Wednesday.

Republicans, even some of those who voted for the infrastructure package, criticize Biden for being preoccupied with electric vehicle technology at a time when Americans are grappling with soaring gasoline and natural gas prices.

Republican Senate Leader Mitch McConnell spoke in the Senate on Tuesday to argue that “the Biden administration has no strategic plan to snap its fingers and turn our vast country into a green utopia overnight.”

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“They just want to throw a bunch of government money on things like solar panels and electric cars and hope it works out,” said McConnell, one of 19 GOP senators who voted on the infrastructure bill. He added: “American families turn a blind eye to skyrocketing heating bills, and the Democrats’ response is to go to war against available American energy.”

White House spokeswoman Jen Psaki stressed that the administration is considering “all the tools in our arsenal” to combat high gas prices, saying Biden and his economic team are “quite focused” on the issue.

Psaki said the administration has asked the FTC “to take action to combat illegal pricing” and is working with countries and organizations overseas such as OPEC to increase supply.

The GM plant, which Biden will visit, was due to close in 2018 as the automaker tried to shed excess production capacity for sedans as buyers switched to SUVs and trucks. But the plant, which has been making cars with internal combustion engines since it opened in 1985, was rescued a year later and assigned Factory Zero to produce zero-emission electric vehicles.

The 4.1 million square foot plant, located on the border between Detroit and the Hamtramk enclave, is currently producing pre-production versions of the GMC Hummer electric pickup truck.

Production of the electric Hummer SUV will begin next year. The plant will begin production of the Origin electric vehicle for subsidiary GM Cruise in 2023 and the Chevrolet Silverado electric pickup on an unspecified date.

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The plant won’t see much direct impact from infrastructure spending, but will benefit from the $ 7.5 billion allocated to build an electric vehicle charging network.

Biden wanted $ 15 billion to build 500,000 chargers and did not name a number that could be built for half that amount.

Probably $ 7.5 billion will not be enough. The International Clean Transport Council says the U.S. will need 2.4 million charging stations by 2030 if 36% of new car sales are electric. There are currently some 45,500 charging stations across the country with approximately 112,000 outlets.

Biden hopes to do even more to promote electric vehicles, including a provision for a $ 7,500 tax credit for consumers buying electric vehicles through 2026, which was placed under his proposed $ 1.85 trillion social services and climate bill.

Next year, only electric vehicle purchases made in the US will be eligible for the loan. The base loan will increase by $ 4,500 if the vehicle is built in a US plant that operates under a union collective bargaining agreement. Only car factories owned by GM, Ford Motor Co. are allowed. and Stellantis NV.

Tax breaks for US-made cars could be a source of tension when Biden hosts Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador at the White House on Thursday for the first North American Leadership Summit since 2016.

Canadian Foreign Secretary Melanie Jolie said during a meeting in Washington last week she expressed concern to Secretary of State Anthony Blinken that the proposed tax credit would adversely affect the integrated auto industry in North America and jeopardize thousands of jobs in Canada.

AP writer Alexandra Jaffe prepared a reportage.

Nation World News Desk
Nation World News Desk
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