Tax incentives can help bridge the price difference between gasoline and electric vehicles at the dealership, these people say. Once purchased, electric vehicles offer continued savings in fuel and maintenance costs compared with gas vehicles, and often a better ride. And China has become a world leader in batteries and electric vehicles, a long-term threat to U.S. manufacturing. That is likely to spur opposition from the left, with some environmentalists already saying the president is caving in to the auto industry. That makes Mr. Biden’s deal making with the auto makers important as an attempt to bulletproof his plan for the auto industry.

Source: Mint August 08, 2021 14:26 UTC