President Joe Biden’s administration unveiled $5 billion from Congress’s $1 trillion infrastructure development fund for establishing an electronic vehicle (EV) charging network in America.
States will have to get the Fed's approval for accessing the funds. Following the Glasgow climate meet, the Biden administration was focused on bringing down America’s carbon emissions. Throughout his interviews, Biden stressed converting the U.Ss to fully electronic or hybrid cars as the first step to curb emissions. He also broke his silence on Elon Musk, Tesla CEO, by mentioning the automaker in his recent interview.
