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EV race heats up: Overtake or be out
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Biden announces first round of funding for EV charging network across 35 states

-Biden has been a big proponent of EVs, signing into law incentives to encourage consumers to buy them and companies to build them.
-The Bipartisan Infrastructure Law included $7.5 billion for a national EV charging network.
-The Inflation Reduction Act and the CHIPS and Science Act both included provisions fostering development of the industry in the United States.
President Joe Biden announced Wednesday the release of the first round of funding for a nationwide electric vehicle charging network, financing the construction of stations in 35 states.
Biden has been a big proponent of EVs, signing into law incentives to encourage consumers to buy them and companies to build them. The Bipartisan Infrastructure Law included $7.5 billion for a national EV charging network while the Inflation Reduction Act and the CHIPS and Science Act both included provisions fostering development of the industry in the United States.
Tax credits included in the Inflation Reduction Act are meant to give Americans incentives to purchase electric vehicles, including to buy used electric vehicles for the first time.
Will Biden's series of initiatives stimulate consumers to buy electric vehicles?
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