Executive Order Sets Aggressive EV Goals Supported by Industry

President Biden signed an Executive Order August 5, 2021 to strengthen America’s leadership in clean cars and trucks setting the goal that half of all new passenger vehicles sold in the US will be electric vehicles by 2030. This is key to his blue collar blueprint to rebuild America to keep good jobs in vehicle and baterry manufacturing in the US. He was flanked by supporters from the United Auto Workers (UAW) and the Big Three automakers- General Motors, Ford and Chrysler. The UAW had criticized GM and Ford for large investments in Mexico to build EVs months before.

Tesla, which manufactures about 85% of EVs made in America, was not at the signing as a non UAW shop. Foreign automakers Hyundai, Toyota, BMW, Honda, Volkswagen, and Volvo publicly support President Biden’s goal as well. As evaluated by the International Council on Clean Transportation in Powerplay,  “since December 2020, many companies including Ford, General Motors, Tesla, and Volkswagen have increased their investments in electric vehicle production. The announcements… total about $345 billion in global investments through 2030”.

The executive order also contains a schedule for developing new emissions standards that would cut emissions through 2026. Reuters,