Goldman Sees Biden Victory Speeding Electric Vehicle Adoption

Aug. 20, 2020, 1:00 PM

Joe Biden’s $2 trillion climate plan, which calls for more public investment in charging infrastructure and fresh tax credits, would boost electric-vehicle adoption, Goldman Sachs analyst Mark Delaney wrote in a note.

  • Better access to faster charging points may lift a historic “gating factor” for potential consumers; he also flagged infrastructure investment beyond charging stations, including incentives for factories to assemble zero-emission vehicles and more battery technology research
  • While a tax credit could narrow the cost gap between an EV and an internal combustion engine (ICE) vehicle, Delaney said his total cost of ownership analysis suggests some leading...

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