U.S. presumptive Democratic presidential nominee Joe Biden revealed a Cash for Clunkers-style plan to offer incentives or rebates to consumers to help boost the adoption of electric vehicles and increase EV production. “The plan seems rooted in a proposal from Sen. Chuck Schumer (D–New York) that would cost $454 billion over 10 years to offer incentives for people to trade in their gas car for an electric, hybrid, or hydrogen fuel-cell vehicle,” said Car and Driver. (Source: Car and Driver) Read the original story…
