Bloomberg Law
July 29, 2021, 8:29 PM

Biden Seeking Pledge for 40% of Car Sales to Be EV by 2030 (1)

Keith Laing
Keith Laing
Bloomberg News
Gabrielle Coppola
Gabrielle Coppola
Bloomberg News
Jennifer A. Dlouhy
Jennifer A. Dlouhy
Bloomberg News

The White House is negotiating to have automakers pledge that 40% or more of the vehicles they sell in the U.S. will be electric by the end of the decade, something the companies say will require the government to help promote the use of the cars.

A pledge on new car sales would be significant because while some U.S. automakers have promised to convert their model lineups to electric vehicles, they haven’t made any promises on volumes. Automakers are looking for support from the government in meeting those goals, such as subsidies or funding for charging infrastructure like that contained ...