Biden’s Electric Car Problem

[alabdy]

A little over a year ago, at President Biden’s urging, congressional democrats passed a sweeping plan to supercharge the production and sale of electric vehicles.

Jim Tankersley, who covers economic policy for The Times, explains whether the law is actually working.

Guest: Jim Tankersley (https://www.nytimes.com/by/jim-tankersley?smid=pc-thedaily), an economic policy correspondent for The New York Times.

Background reading:


President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales (https://www.nytimes.com/2023/11/08/business/energy-environment/electric-vehicles-biden.html?smid=pc-thedaily).
Growth is brisk but slower than expected (https://www.nytimes.com/2023/11/07/business/energy-environment/electric-vehicles-sales.html?smid=pc-thedaily), causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.

For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily). Transcripts of each episode will be made available by the next workday.



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