Biden’s Charging Plan Could Sell 25 Million EVs

In a bid to fight climate change and build a stronger, greener economy, Joe Biden is starting with plugs.

Specifically, the president-elect has a plan to install 500,000 electric vehicle charging cords by 2030, roughly a five-fold increase in the nation’s EV infrastructure that could cost more than $5 billion.

The 500,000-unit pledge was part of Biden’s platform when he was running for the job but largely overlooked in a grinding campaign dominated by the pandemic. Now, the industry hopes he’ll stick with it. But it is a wildly ambitious strategy to overcome one of the biggest hurdles facing EVs: Would-be ...